Frequently Asked Real Estate Questions-Ep. 15

Is now the best time to buy a new home?

Every time the mortgage interest rates go down, I am shocked. I remember refinancing at 5.25% thinking there was NO WAY I was going to get a lower rate than that. BUT here we are with historically low rates once again! So once again, I must say, there has NEVER been a better time to purchase a new home.

Homes are valued priced, interest rates are at historic lows and sellers are motivated to get their house sold, not to mention there are lots of options to pick from. That means it is a buyer’s market!

The winter weather has been great for house shopping. Historically, mortgage rates go up some in the spring time. I don’t think they will go up a ton, but every little bit adds up quickly over a 30 year loan. If you are planning to do something this spring, don’t wait! Let’s get started now before everyone else does.

This is an exciting time in real estate! I truly enjoy helping people find the right home, at a price and payment they are comfortable with. Please pass my information on to someone you know that wants to buy a new house this year!