buyers: Sitting on the fence waiting to buy will cost you more soon! - 11/25/09 12:00 PM
Buyers need to know and we need to educate people that if interest rates go up just one percentage point, to six percent, as the New York Times suggests analysts are predicting, that will raise the cost of purchasing a home and wipe out a $10,000 decrease in price. Some buyers are sitting on the fence right now, concerned that prices still might fall.  They mayfall a little more, but trying to time the market will cost Buyers dearly.
One¬†thing propping up the market has been the Federal Reserve, which has been buying mortgage-backed securities to keep interest rates articicially low. … (1 comments)


Mark Finchem

Oro Valley, AZ

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Long Realty Company

Address: 6875 N. Oracle RD, Suite 125, Tucson, AZ, 85755

Office: (520) 918-1619

Mobile: (520) 808-7340

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