Interest rates have been at historic lows for the past few years. What everyone wants to know now is how much longer will interest rates be this low? The market won’t be this good for buyers forever. Anyone who is interested in purchasing a home in the near future shouldn’t be too worried about rates increasing too much anytime soon.
Don’t Feel Too Much Pressure to Buy Just Yet
It is certainly a good idea to buy a house while interest rates are still low. However, don’t feel pressured to buy a home just because rates and prices are low if you’re not ready. Figure out your situation and what you want in a home, only when you know you’re ready should go out and buy a home. If you’re a homeowner and can stand to benefit from a lower rate should refinance now. The rates cannot possibly get significantly lower than they are now. (more…)Read More »