waiting buy fha no money down carlo tomasi mortgage now conventional purchase refinance: Waiting to buy may be the wrong strategy!
- 08/13/08 03:09 AM
Waiting to Buy may be the Wrong StrategyThe biggest risk for today?s home buyers is interest rates not price depreciation. Yes, home prices are under pressure and there is inventory in the market, but waiting to define a ?bottom? in a real estate downturn that is 24 months old and where prices have already adjusted, is very difficult.The bigger issue and real risk to buyers are interest rates. A sudden rise in interest rates can easily erase the benefit of finding a home at a ?bargain?. Long term interest rates are directly impacted by the health of our economy and inflation. … (1 comments)
Waiting to Buy may be the Wrong StrategyThe biggest risk for today?s home buyers is interest rates not price depreciation. Yes, home prices are under pressure and there is inventory in the market, but waiting to define a ?bottom? in a real estate downturn that is 24 months old and where prices have already adjusted, is very difficult.The bigger issue and real risk to buyers are interest rates. A sudden rise in interest rates can easily erase the benefit of finding a home at a ?bargain?. Long term interest rates are directly impacted by the health of our economy and inflation. … (1 comments)
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