Saturday, October 20 2012
As I've been saying for a few months now, trends in the housing market have been indicating that discount home prices and bargain-rate mortgages have reached their lowest levels (or pretty close to them) and that the best time to buy a new home is rapidly ending. The latest economic news seems to support my opinion.
According to Mortgage Time, a weekly newsletter for Real Estate Professionals from Access National Mortgage, mortgage rates have been driven by economic data that was generally stronger than expected, which caused rates to end the week higher.
Some of the important factors indicating recent economic growth include:
While I don't want to be redundant, let me just repeat this one more time:
If you have been considering buying a new home, NOW IS THE TIME!
Once they've gone back up, we won't see home prices and mortgage rates this low for years to come, if ever.
If you need help finding your next home, give me a call at (317) 446-4605. With almost 20 years experience representing home buyers, I have helped hundreds of families find their new homes in Carmel, Fishers, Noblesville and the entire North Metro Indianapolis area.
* src: Bloomberg.com, U.S. Industrial Production Rises in Stabilization Sign, Lorraine Woellert, Oct 16, 2012