08/23/2017
Is this the Right Time to Buy a House? While many potential homebuyers attempt to predict if home values are rising or falling also paying attention to mortgage rates… The best approach: if you find the home you want and you can afford to, buy it. Don’t attempt to time mortgage rates and home values. They’re almost impossible to predict. A year ago, the 30-year was 3.45%. Rates have hovered between 3 and 4 percent since 2012. However, it looks like that might be about to come to an end. The current forecasts have mortgage continuing to climb beyond 2018. If these predictions come to fruition now is the time to buy a home. And with the economic recovery in full swing, it only makes sense that this prediction will come true. Of course, the decision should be based on your personal financial situation (and your ability to stay in your new home for a while), but there are a few key reasons why you may want to sign mortgage paperwork instead of a lease.
