Why Wait Until Spring? Rates are Going Up, Up! Buy Now!

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

Interest rates were bound to go up eventually but many buyers were hoping that they would stay under 4% until Spring.  That unfortunately has not been the case.  As rates go up a buyer's ability to purchase a home increases as the mortgage payment increases - so you end up buying less home or accepting a higher mortgage payment.

Growth Chart

Although you may not have as many choices in the fall/winter market you will have less competition and really motivated sellers!

Thinking you might want a great Christmas present for the family?  Let's get you pre-approved and start searching for it today!

Posted by

Evelyn Santiago

Managing Broker - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Topic:
Home Buying
Location:
Illinois
Tags:
interest rates
mortgage rates
buying in naperville
buying a home in oswego il
buying a home in aurora il
buying a house in winter

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

We are in a time when it will not be cheeper to wait too buy

Nov 18, 2016 10:16 AM #1
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Rainmaker
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.

Passionate About Real Estate & Our Clients!
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