Today's news looks something like this ...
"Mortgage Rates Convincingly Higher, Momentum Shifts"
Here's a good everyday example of what I'm saying: Ever go to the store and see the gas price at one level only to come back from the store just minutes later to see it higher? Things can change in a blink of an eye.
- 1st Indicator: The majority of predictions typically point to Interest Rates rising as the year progresses. Higher Interest Rates = Higher Monthly Mortgage Payments
- 2nd Indicator: The prices of homes in many housing markets is on an upward swing. Higher House Prices = a need for a larger Down Payment and Higher Monthly Mortgage Payments
- 3rd Indicator: Recent changes have taken place in the Mortgage Industry, most notably the Qualified Mortgage Rules. Those entering Home Buying can do so more certain that they will be able to make their payments in the future.
- 4th Indicator: Landlords all across the nation are raising rents. Higher Rental Costs = Less Money Saved. The old question remains ... why pay someone else's Mortgage or help them build equity?
- 5th Indicator: A slightly improved Economy, rising home prices, and fewer delinquencies have eased the stress on Lenders. The result may be more Mortgage Lenders willing to make Mortgages, ultimately making it a bit easier for Home Buyers to finance.
- You CAN buy ... and you get started towards fulfilling your Home Buying dream
- You cannot buy ... and you get started towards building your Credit, repairing and polishing your Credit, or saving for a Down Payment ... by following the advice of your Mortgage Lender.
Again, it's FREE to find out, so why not ask? Either answer gains you valuable info and knowledge. And either answer moves you in a positive direction and closer to what you ultimately want and hope for.
5 Indicators Point to the Wisdom of Home Buying "Sooner than Later". In the Chicagoland area, contact me today ...
* Wondering if Home Buying, Refinancing, or Constructing a home for yourself is possible in New Lenox, another Lincoln-Way Community, Will County, or elsewhere in Chicagoland? Contact Me now! I'll put my 36 years of Mortgage experience and expertise hard to work on your best behalf.
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