You may have heard about renting to own a home or leasing with an option to buy. Who is a good candidate for this path to homeownership? You may want to consider this option if
Should You WaitTo Buy Your Stockton Home Based On A Higher Interest Rate
Have been thinking you are going to wait to buy a Stockton home because of the interest rate have gone up? Have you said I'm going to wait until prices and interest rates go down before I buy my Stockton home?
We hear that often. While if you are buying a house this might be a good strategy. As you want to buy at the lowest possible price and sell for as much as you can in a short amount of time. When you are buying a home though, you are buying a place to live and raise a family over a long period of time.
Freddie Mac latest report on interest rates shows that over the last few weeks interest rates have risen over a quarter of a percent. And Freddie Mac, Fannie Mae, the National Association of Bankers, and the National Association of Realtors all are calling for another one-quarter of one percent increase by next year.
This is why we are hearing more people saying they are looking to wait until the interest and prices go back down.
We have just seen some of the lowest interest rates in history. And many people are concerned that they can't get a loan with below 4% interest anymore.
Let's have a look at what interest rates were in past decades.
As you can see our interest rates at mid 4% is considerably lower than any of the past decades.
Click the Big Blue Button below to schedule a 15-minute phone consultation and let's see what all this could mean to you and your family.
Are you looking for an agent who will listen to everything you have to say, from your very first contact with him, all the way until the day he hands over the keys to your new home or closes the deal ....