Timing seems to be critical. Should I wait until interest rates drop?
Every home buyer wants to buy when interest rates are at their lowest. When interest rates are at near-record lows, potential buyers or homeowners looking to move up are asking themselves if the time is right to act.
No one can predict with certainty where rates are headed at any particular time. But time is money and waiting for a bottoming out may instead provide time for rates to rise. This chart shows how rises in interest rates can have a dramatic effect on monthly payments.
Can you afford to wait? For information specific to your needs, call or e-mail us today. We'll be happy to answer your questions.