Tag: Interest Rate
The Cost of Waiting To Buy
Many homebuyers I encounter are on the fence of buying now vs. waiting until later this year or next year to buy a home. “Will inventory get better?” “What if the market softens?” “Is another crash coming?” “I’m waiting for prices to come down.” If we haven’t spoken over the phone or in person about…
2018 is the Projected Year of Interest Rates Rising and Homes Still Appreciating
The long window of low rates will remain open in 2018, but may be slowly closing. Expect a slow, moderate ascent, with rates staying in the 4 – 5% range in 2018. Now is the time to buy a home, with rates so low and prices continuing to climb. The story may change in 2019 and…
Interest Rate vs. APR: What’s the Difference?
When shopping for a new home loan, it’s easy to feel overwhelmed by the terminology that lenders and realtors use to describe various aspects of lending: PITI, conforming/non-conforming, jumbo, conventional/nonconventional, ARM… I often tell clients, when in doubt, ask your lender to explain anything and everything to you. There are no dumb questions in real…