Sep 18, 2013

Should I Wait for Interest Rates to Come Back Down?


 
 
Above is a graph of the movement of the 30 year fixed mortgage rate since the beginning of 2012.

Some Colorado Springs 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, we don’t believe waiting is a good strategy.

Most experts believe rates 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 Colorado Springs home prices increasing and interest rates projected to also increase, the cost of buying a house could quickly increase rather dramatically.

I would be happy to help you find your Colorado Springs home. Please call me at 719-357-1023 or email me at JulieLopezRealtor@gmail.com. You can also view Colorado Springs homes for sale at my website JulieLopezProperties.com