With housing market still a little bit soft, but with many signs of future rebound, now is a great time to buy a new home. It still is a buyer’s market, but most likely that will change some in the new year. There is always a little bit of a housing boom in the Spring through early Summer, so there is a good chance home prices should recover some in the coming months. This means now is the time to buy.
Mortgage rates are near an all time low, but with many indicators pointing toward future inflation (a interest rate killer that always increases mortgage rates), now is the time for the mortgage rate fence sitters to lock a rate. It’s only a matter of time (a few more weeks, maybe a few more months) and rates will approach the more normal 6% to 7% range that is the typical average for the last 10 or 20 years. Right now, rates under 5% are still available, which is amazing. Lock in today, before it’s too late.
-Gary Schoenholz – Manager- 864-979-1111,
Website: www.GaryTheMortgageExpert.com
