Now may be the time really be the time to buy. The Associated Press released a report last week, showing that the 15 year and 30 year mortgage rates have actually increased! Mortgage rates tend to increase based on the yield of the 10-year Treasury note. Since the Federal Reserve may actually scale back its massive buying of bonds, the yield actually increased. So, are the days of free money for mortgages gone? (If you could actually qualify for one…) It could be that the country is actually getting its act together and leveling out somewhat. I think we still have a long way to go. If you are looking to buy a home, this may be the hint that you need to get looking and start the qualification process. Rates will not stay cheap forever.
If you are looking to sell, an influx of buyers looking not to miss out on the next to nothing mortgage rates may be hitting the market soon.
Contact me either way, and I will walk you through everything that needs to be done.
Feel free to visit my website as well for free tools and information.