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: 752 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 the current average mortgage rates in the marketplace. Even t
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