Wednesday, February 16, 2011

If you're sitting on the fence

about buying or selling. Now is the time to get off of that fence and make a move. Interest rates have increased 1% since November 22. from 4.25% (a historic low) to 5.25%
what does this mean to you?
If you are looking to purchase a $200,000 home and owning it for 10 years that percentage point will cost you $14,463 WOW! That is a lot of money that could have spent on something other than interest to the mortgage company.
Moral of the story all indicators are pointing to continued increase in interest rates.
If you are thinking of buying, now is the time!
If you're thinking of selling and downsizing or moving up, now is the time!
Don't wait for the interest rates to go up another point. Call me if I can answer any questions that you may have. I'd be happy to assist you, your friends and family with all of your real estate needs.

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