Posted by Rick Goates on Mon, Jan 11, 2010 @ 11:30 AM
If you are in the market to purchase a home and want an affordable interest rate you had better call your Realtor today! The consensus is that interest rates are heading up....the question is how much and not IF!
If you purchase now you can take advantage of what might be the last tax credit for home purchase...this incentive ends soon...
Here is a link to help you understand more on the coming interest rate hikes!
Regards,
Richard
Posted by Rick Goates on Tue, Jan 05, 2010 @ 03:48 PM
All signs show that interest rates will be heading up starting yesterday! By all means if you have been considering a home purchase you might want to take advantage of below 6% rates while they last!
Regards,
Rick
Posted by Rick Goates on Wed, Jul 01, 2009 @ 02:02 PM
I just got an interesting email.The experts all seem to agree that the best interest rates may indeed be "Behind" us and that rates for mortgages will be "Substantially" higher by the end of the year!!
Apparently the Government's program to keep rates down is not going to continue!
What does that mean to you if you have been thinking of purchasing? Well...by waiting for the magic combination of the lowest rates AND the lowest home prices you might have already missed the window....With that said...purchasing today makes as much or more sense as it ever has because if you want to keep your home for the long haul,the money you save on the price by waiting 6/10 months will end up costing you big $$ on the interest rates.
In other words...by saving a few thousand on the sales price you will end up paying "Much more" if you hold the home 10/12/15 years.
The inventory is still very high with some excellent bargains on not only bank owned homes and short sales but some regular homes too!
If the experts all agree that interest will be substantially higher in the near future then you may indeed be "priced out of the market" and have to rent for a long time...
I know some people that "missed the last window of opportunity" about 10 years ago...they just "Knew that prices would go down" so they were going to wait until they did to purchase...What happened is that price went up....and up and up...and even thought they are down right now the price are still "Well" above where they could qualify for back then....yes they are still renting....
The time is now....the opportunities are plenty...
Contact us today to assist you on what may indeed
be the largest and most important purchase you may
ever make!
Regards,
Richard Goates
530-248-5627