If you have the cash on hand and a flexible timeline on closing, this may be the perfect time to make a purchase. If you have the required down payment and solid job security, there’s no reason you shouldn’t take advantage of low mortgage rates.
We may see a lot of housing inventory coming to market in the next few months at more accurate pricing—making it a buyer’s market.
Mortgage rates are at historic lows, and now some lenders are even offering 30-year mortgages below 3 percent for owner-occupied housing. It’s hard to see such low rates and not feel like it is the perfect time to buy specially if a house already makes sense for you.
Such low rates may make owning a house more affordable than renting one, depending on your circumstances. And with the mortgage likely being the single highest cost for a homebuyer, low rates are definitely going to drive purchases. Take advantage of this unbelievable interest rates and call Mortgages Done Right today to get Pre-Qualified in 15 minutes or less.