Knock knock
Who's there
Anybody
Any body???
Anybody fool enough not to buy when Everybody should will miss out which they didn't buy when Nobody should.
Yes!!! It is the time that Everybody and Anybody that needs a new home or seeks to invest in real estate should be calling their Realtor!!!!
All Markets are different. The Markets through out this country are different with some improving much better than others due to various factors such as jobs, decreasing or increasing number of foreclosures, ect.
Yet, without doubt, we have never seen rates this low when housing prices are at the lowest(though climbing) in over a decade in many parts of the country.
Typically rates and home prices contradict one another.
High Interest Rates Low Home Prices
Low Interest Rates Climbing Home Prices
Today's Magical Formula:
Low Interest Rates Low Home Prices
At 4%, a moderate $250,000 30 year home mortgage has a principle and interest payment of under $1200.
At 6%, this mortgage balloons to almost $1500.
If prices increase so the home mortgage increase to $270,000 and rates are 6%, the mortgage for this same home would be over $1600.
Do you have $400 per month to "burn"
over the next 30 years?
Failure to act today could very well cause you to do exactly that.....or worse.
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