We’ve heard a lot lately about the financial problems n Europe. Though I am not an economic expert, I do know that because international investors see the Unites States being in much better shape than Europe, investors are putting their money into U.S. government securities. This is driving mortgage rates down near record lows.
I’ve heard that rates could be as low as 4.5%. The caveat with this is that there will be a lot of volatility as investors move their money around.
Just recently, many experts predicted that rates were going to rise to at least 6% since the Federal Reserve stopped buying mortgage securities.
If you are thinking about buying a home, get hooked up with a reputable lender. Have them follow rates and believe that NOW is a good time to buy a home. Have confidence and believe that being a home owner is still one of America’s dreams. Lots of homes, low prices and low interest rates add up to one heck of a time to buy.
Please contact the Dale Marciniak Team to get pointed to the right direction!
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