Timing the Market

Why Wait in your home purchase? The Potential Hazards of Timing the Market

Buyers who decide to wait until the housing prices come down more are also gambling that interest rates will hold steady or drop. What is not widely understood is the impact interest rates can have on the real monthly costs of Homeownership. Even a 10% drop in home prices is immediately nullified by a mere 1 percentage point increase in the interest rates on a 30 -year mortgage loan.

The mortgage interest rates are currently at or near historic lows. Working with a professional Realtor, such as myself, I can provide you with information on the market and housing values in your local area. Information is your most powerful tool in making your housing decision. Call me today - I can help.