The latest Federal Reserve meeting in October, the Committee decided to keep rates unchanged. Of course, these historic low rates that have spoiled us all for so long will NOT continue. It’s just a matter of time.
This article (http://www.theguardian.com/business/2015/oct/28/federal-reserve-interest-rates-unchanged) hints that even THIS DECEMBER might finally bring our first rate increase in 9+ years. And this would DIRECTLY affect mortgage rates. With home values just starting to rise in most markets, and with mortgage rates still hanging at super low levels (for the MOMENT), there’s not really a better time to buy. Many homebuyers who might be procrastinating on buying may REALLY be kicking themselves later if they wait much longer to where home prices AND mortgage rates could increase.
Here’s a quick example below of how this could have a HUGE effect on a person’s home-buying ability.
Author:Greg Sanders Phone: 678-953-2688 Dated: November 25th 2015 Views: 781 About Greg: Greg Sanders is recognized as a Keller Williams "Mega Agent". The Sanders team is one of the top te...
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Here are current market average mortgage rates as of March 4th&n
"I would highly recommend (and have) The Sanders Team to anyone who is looking to buy or sell. The Sanders Team is exactly that, a "team", a very effective team. They are knowledgeable about the entire process and incredibly responsive. As a first time buyer and unfamiliar with what to expect, I was very nervous. They walked me through everything and explained the "what" and the "why" of what they were doing. I had tried a few realtors prior to The Sanders Team but could not even get them to return my calls. I am very happy with the entire team and grateful for all their patience with my questions and helping me through the process."