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The Time to Buy a Home is Now!

The Time to Buy a Home is Now!
January 9, 2014 Cassee Cunningham

oakwoodexteriorSo you’ve been thinking of buying a house.  Maybe you’ve even done some research on neighborhoods and realtors.  If you’re even considering buying a house, now is the time to turn those thoughts into action!

Freddie Mac reported that for the week ending January 2nd, rates rose to 4.53 percent for a 30-year fixed-rate mortgage.  That’s up .05 percent from just the week before.  Rates for 15-year fixed-rate mortgages also rose – by .03 percent, week over week.

What does this mean for you?  It means that you’ll end up paying more for a home you didn’t purchase last week, even if the selling price stays the same.  As signs of economic strengthening continue and consumer confidence rebounds, this could signal a trend in the direction of mortgage rates.  So the sooner you buy a home, the more you’ll save on the purchase.

Ready to get a jump on homebuying and get ahead of rising mortgage rates?  Give me a call to check out some awesome neighborhoods and great listings!


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