Interest rates are starting to creep up! If you are looking to buy a home in Elk Grove make sure you are paying attention!
If you have plans to buy a home this year you should keep an eye on interest rates. A small jump in interest rate could cost you a lot of money over the life of your new mortgage. Essentially, you will qualify for less and will pay more for the home overall.
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Here is an example of jump in interest rate can impact your goal of buying a home.
If you are on the edge of qualifying for the home you want, now might be a good time to get serious. Don't let rising interest rates price you out of the market!
Call me and let's discuss your plans to buy a home in Elk Grove! If you think you will buy a home this year we will want to get you in front of a great mortgage professional! If you need to sell a home first, let's run all your numbers and see when making that move makes sense for you!
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I'm here when you need me! As always, if you know of anyone who may need my help, please let me know! I would very much appreciate the referral!
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