We are working with a buyer on a bank owned property and the buyer informed me a few days ago that he is locked in at 4.5% on a VA loan. O.K, Let me hear that again, 4.5%, fixed for 30 years , no down. I have been saying for months that we will NOT see these kind of rates again for many many years. There are still many buyers asking the hard questions... Will prices keep going down if I buy now? What if I buy now and the price of that home goes down by $10,000 in 6 months? What if I have a problem with my job? We get it, all great questions that we just don't have solid answers for. However what we do know is that your family needs a place to live and with rates under 5% your payment will be less then rent in our area. If you had to rent it out, your entire payment would be covered. The best rates in over 40 years..... I guess you could wait but you may be missing out big time !!
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