Covering Blairsville, Hiawassee, and Young Harris, Georgia and the surrounding areas of Murphy, Hayesville, and Warne, North Carolina, and more....
Showing posts with label buying a home now. Show all posts
Showing posts with label buying a home now. Show all posts
Friday, March 8, 2013
Buyers or Sellers on the fence? Interest Rates ARE Going to Go Up!!!
I think we're good until the end of the year - 4.4% is still a very good rate. But, I think by Spring 2014 we will have another giant leap in rates. If you have cash to purchase a home, you may think you're in a good position and you would be, but is it not better to finance at a low rate and then keep your money in the bank when the rates go up? Just a thought. For Sellers, it's time to make a deal work and not hold on for a few more bucks, because the interest rate going up means prices going down for you...
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