Historically rates go up in December for some unknown reason. This December is no different. The mortgage bond market has taken a pretty good smacking the past week or so. If you are sitting on the fence trying to decide whether to buy now or wait. JUMP off that fence right now! The rates have gone up almost 1% since November. Don't be one of those people that "wish they had not waited TOO long!"
People tend to wait to see if the rates are going farther down, and then when the rates start up they start buying because they are afraid the rates will go higher. Well guess what? They are headed up!
Real estate is a cycle. It goes way up in price and interest rates, and then goes way down and starts up again. Get on the wagon, cause we are about to take the ride back to the top!
I have been in this market with 18% interest, and down to 3.75% for 30 years. Now they are headed back up to the top! Don't wait to see how high they can go, because they can go up very fast!!!!
Get going. Call your Realtor and find your new home! If you don't have a Realtor, then give me a call!!!! 770-547-2493!
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