Here are just a few of the reasons why waiting to buy is likely not in your best interest: 1. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s mortgage survey indicates that interest rates for a 30-year mortgage have hovered around the 4.2% mark over the last two months. ...
Continue ReadingThe Takeaway: In looking at Freddie Mac’s prediction that we will see the mortgage interest rate increase to about 4.8% by this time next year, coupled with CoreLogic’s prediction of a 4.8% rate of appreciation in home prices,, one can clearly see that now is the time to make a ...
Continue ReadingThe Takeaway The year 2016 saw the highest pace of sales nationally, since the highpoint of 2006, as 5.45 million existing homes were sold!! Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999. The US median price of ...
Continue ReadingEarlier this month, ATTOM Data Solutions, the USA’s largest fused property database, released its 2017 Rental Affordability Report. Its finding clearly denote that buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed. The report states the following: “making monthly house payments on ...
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