Mortagage rates on the rise?

By
Real Estate Sales Representative with Prudential CT Realty

There is no doubt, we are in an exceptional market!  With an abundance of supply and mortgage rates incredibly low, is it worth waiting to buy to see if prices come down? 

The answer is no.  If a buyer is ready to buy a house, they should do it now.  If the fed cutes the interest rate by 50 basis points, the mortgage rates will most likely go up.  If prices do hold steady through the spring market, a buyer will ultimately spend more for their home.

Don't wait!  Have a market analysis performed to determine the homes worth, and by all means, make an offer!

 

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Rainmaker
194,873
Leo Namiot
Canopy Mortgage - Jacksonville, FL
Outstanding Service & Great Rates

Hello Brooke,

   Welcome to active rain, it's a great online real estate community, Enjoy!

Leo Namiot

Benchmark Mortgage - Connecticut

http://www.leolends.com/

Jan 15, 2008 12:21 PM #1
Rainer
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Brooke Pickett
Prudential CT Realty - Mystic, CT
Thanks Leo, I am very happy to be here!
Jan 16, 2008 01:42 AM #2
Rainmaker
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Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog
I just stopped by to welcome you to active rain. I hope you get great benefits out of being here!
Jan 16, 2008 08:05 AM #3
Rainer
1,845
Graham Thompson
Prudential Connecticut Realty - Mystic, CT
Hey Brook, Good information.
Jan 19, 2008 01:47 AM #4
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Rainer
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Brooke Pickett

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