Better and Better to Be a Buyer
Today’s news reports indicate that 30-year, fixed rate mortgages have dropped to an average interest rate of 5.19 per cent, the lowest level since 1971. Meanwhile, unemployment claims are reported to be near the highest since 1982.
If you have good credit and have been thinking about buying a home, this is a fabulous opportunity. Don’t let fear or waiting for even lower interest rates and prices stop you from at least exploring what is out there.
As the economy appears to be getting worse and worse, the time to be a buyer could not be better. Even if you need to sell first, as long as you are buying up, you will be way ahead of the game.
See my recent blog, Should You Buy Now or Wait?