Interest Rates are a great reason to buy right now, and soon, this will not be the case. Here we are the the beginning of 2018 and current mortgage rates are now just above 4.15% , or somewhere thereabouts according to Freddie Mac. Just a month ago the interest rates held below 4% for 26 straight weeks. Fortunately for you, if you are considering buying a house, or refinancing your current home, mortgage rates are still about half of their historical average.
So what does this mean?
If you want to pay more for the same house in a year, then you should take your time and wait to buy. If you are like me, and enjoy money, then you should pull the trigger and start shopping. Get your mortgage pre-approval worked out with your local lender, or call me and I will give you some great contacts who will give you a qualified pre-approval that you can go literally “take to the bank”.
There are a variety of ways to save on your home purchase, and I posted a great article on The Impact Your Interest Rate has on Your Buying Power back in December and also back in March 2017 with my Dont Let Your Luck Run Out post