Impact of Rising Rates When Buying a Home

As I have been saying for months buyers should act while the rates are low and not just wait to see if home prices will continue to drop. They may loose the home they want and
pay more for a home due to the rise in interest rates. A recent article in Keeping Current Matters emphsizes this point.



Impact of Rising Rates When Buying a Home: "No one knows exactly what will happen as we move forward. The only thing we know for sure is that rising rates have a tremendous impact on a buyer’s payment. There are home buyers standing on the sidelines waiting for the prices of real estate to bottom out. If you are one of these buyers, be careful. You should be as concerned about the monthly COST as much as you are concerned about the PRICE"


Watch the interest rates and take action before they affect the "cost" of buying your next home.

Hope everyone has been enjoying the holidays inspite of the unusual weather.


Jack and Julia