home buying tips: Lower Price or Lower Interest Rate?
- 01/08/12 09:13 AM
Which is better... lower price or lower interest rate? In a buyer’s market, buyers wait for signs that prices are going lower. In a seller’s market, buyers don’t wait because they’re afraid prices will go higher. Both markets move on the fear of paying too much. Right now, buyers have the best of both worlds – home prices have rolled back to nearly a decade ago, and mortgage interest rates are at record lows. Yet, many buyers are still waiting for a sign that it’s the right time to buy. Should you wait for lower prices or lower interest rates before (2 comments)
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