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Health & Fitness

Should I Wait for Interest Rates to Come Down?


According to the KCM Group, whose job is to interpret data from hundreds of sources regarding real estate issues, some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. Though no one can guarantee where rates will be in a few months, they don’t believe waiting is a good strategy, and I agree with them.

If you look at the graph, it seems that rates are really high, but in reality, they are just coming out of a historical low, and most experts believe that they may actually move higher. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb.

With home prices increasing and interest rates projected to also increase, the cost of buying a house could quickly increase rather dramatically. If you have any questions, feel free to call me at 949- 874-5951, email me at PatriciaPlatt@cox.net or go to my webpage at www.patriciaplatt.kwrealty.com.

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I would love to help you with your real estate needs! 

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