The Right Time to Buy?

Interest Rates Rising?

 

Freddie Mac’s Weekly Primary Mortgage Market Survey shows the 30 year mortgage rate climbed to 3.81% last week. It is the highest level in over a year. The Mortgage Bankers Association, Fannie Mae, and National Association of Realtors all predict rates will continue climb over the next year and a half.

 

Prices Rising?

 

A Case Shiller Pricing Index shows U.S. home prices increased slightly over 10% the last twelve months. Another, Home Price Expectation Survey, was predicts home values will increase by at least 3.5% each year for next 5 years.

 

With Price and Interest Rates seemingly rising, it might be a good time to buy sooner than later and reap the savings as a result.

 

 

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