If you are a buyer looking to buy a home now is the perfect time. Interest rates continue to hover at their record lows and home prices are still well off their peak of a few years ago. In many cases buying a home can be less than the cost of renting. Especially for first time buyers, the low current interest rates will help them qualify for a home that they may not otherwise qualify for if and/or when rates begin to rise. I would encourage anyone considering buying to take advantage of the current buying environment and to lock in a great interest rate - this opportunity will not last forever!! The following chart put together by the California Association of Realtors shows how the mortgage expense varies at different interest rates.
David Grbich is the Broker Owner of Ventana Coastal Properties and serves the needs of buyers and sellers in Orange County, CA. Record low interest rates have created both an excellent time to buy as well as an excellent time to sell - give me a call at 949-500-0484 or email me at dave@ventanacoastalproperties.com for all your real estate needs.
Comments (14)Subscribe to CommentsComment