Three Reasons To Buy A House This Summer

Dated: 07/25/2017

Views: 48

Image title

1- Mortgage Interest Rates and Prices are on the Rise:

Mortgage rates are currently at 4% according to Freddie Mac’s Primary Mortgage Market Survey, a historic low, but will be rising in the near future. This is your monthly payment. Lock down a good price now to avoid unnecessary debt.

Interest rates have increased 6.9% over the past 12 months and are projected to rise another 4.8% throughout the year according to CoreLogic’s latest Home Price Index.

2- Either way, a Mortgage is Being Paid:

Whether it is your own or your landlord’s, a mortgage is being paid. With a landlord, they are building equity every month you pay them and you’re getting nothing. With your own mortgage, you are forced to save money into a building made of equity, giving you something after spending money every month.

3- It is Time to Move Forward:

Mortgage rates and home prices are on the rise, every month you rent you’re throwing money at nothing, and a house will give your family financial worth. There isn’t a right or wrong time to move into a home, but currently, the market is in your favor and won’t be for too much longer.

Blog author image

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

3 Reasons To Ask Your Realtor For A Lender Referral

3 Reasons To Ask Your Realtor For A Lender ReferralYou are one in a million if you have enough cash to buy a home! For most people getting pre-approved for a home loan is one of the first steps in

Read More

The True Cost Of Not Owning A Home

There are a lot of reasons why owning is better than renting, here are a few reasons comparing the cost of not owning a home:1- The Price is so CloseRenters are facing increases everyday. With

Read More

Three Tips For Making An Offer

1- Determine a Price RangeThis should happen right before you start the homebuying process. If you don’t know how much you can afford, you will be shopping in the dark with a blank check

Read More