With mortgage rates ticking upwards, now is the time to buy a home! In many markets people are just scared. They're thinking if they sit on the fence just a little while longer, then the prices will drop another $50,000.
Well, by waiting to buy a home the buyer runs the risk of the rates going even higher. When you compare the higher interest rate over a 30 year loan with a possible price reduction of maybe $25k to $50k...it's just not worth it to wait!
Prices are low, there is an inventory glut in the marketplace and interest rates are still at historical lows! This is the time to buy!
It is a buyer's market and for anyone interested in buying a new home, especially first time home buyers, this is one of those times in life when you've just got to take advantage of the situation and the timing of it all!
Make no mistake about it, now is the time to buy a home!
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