Home shopping today is easier than ever. Houses with space and attractive
amenities are plentiful. This could be the best time in years to
buy. Here’s why:
 ~Mortgage interest rates have fallen to their lowest level
in 60 years! Recently 30-year-fixed mortgages were down
to an average of 3.84 percent, beating the previous record
low of 3.87 percent.
 ~Experts quoted in Inside Mortgage Finance say consumers
should not hold out for a lower rate, because it's not
coming. Instead rates will steadily rise.
  ~The housing market overall is improving. Existing
home sales were up 5.2 percent from a year ago, according to the latest
figures by the National Association of Realtors. Declines in home prices are
just about at an end.
 ~Strong demand has sparked nearly a 2 percent rise in asking prices
recently, and it's part of a trend, according to Truilia. Depending on the
part of the country and the home, today, it's not unusual for a seller to get
offers to buy that are above the asking price.
 ~Demand for home loans is also up. The latest data from the Mortgage
Bankers Association shows applications for home purchases are on the upswing.
In spite of the latest interest rate drop, economists at Freddie Mac still expect
30-year-fixed-rate loans to rise late this year to 4.25 percent or even
4.5 percent.
Since home prices won’t go much lower and mortgage interest rates may be
the lowest they'll ever be, call us soon! Now is the best time to buy!