What are you waiting for? Now is the time to get off the fence.

By
Real Estate Broker/Owner with Benton, Linn and Douglas Counties Call Terri today!

What are you waiting for? Now is the time to get off the fence.


Are interest rates increasing or decreasing and does it really matter?  Just search "Rising Interest Rates" and you will get a plethora of articles talking about the ramifications of rising interest rates. NEWS FLASH...

Low mortgage rates may not be here for much longer.

So what does that mean to the average buyer wanting to buy a home? Take a look at the graph below and see how much interest rates really matter in your monthly payment.  Many markets have turned into a full-on Seller's Market due to supply and demand making it hard for buyers to compete with cash buyers and investors.  However, there are still a few buyers waiting... thinking that that prices might go down even a little.  Now is the time to buy.

Monthly interest rates

 

Comments (1)

Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Terri - Great post! You are absolutely right, interest rates will not be this low for ever.

Jun 08, 2013 04:25 AM