Should I Wait For Interest Rates to Come Back Down?

Should I wait for interest rates to come back down?

Some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. No one can guarantee where rates will be in a few months.

Many experts believe rates may actually move higher. The Mortgage Brokers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in agreement projecting that rates will continue to climb.

Rates have increased over the past 18 months. There have been some dips along the way, but overall mortgage rates are higher.

With home prices increasing and interest rates projected to also continue to increase, the cost of buying a house will quickly increase and has over the past year.

If you are ready and the time is right for you and your family to move, do it now. Don’t wait for something you cannot control. Let’s meet and come up with a plan to get you moving. Please share this with anyone you know looking to make a move in the next few months.