If you have been paying attention, you know.
But if not, you may not realize that home mortgage interest rates are rising fairly significantly. I wouldn’t even want to quote them since things seem pretty volatile right now
Of course we don’t know if this will continue, but the historically low rates are, for now, a thing of the past.
If you are considering buying a home now and are financially in a position to do so, you might want to talk with your mortgage officer. As the rates rise that means you pay more per month, and you could be missing a good opportunity if everything else is in your favor – the right home, down payment, timing.
This time of year CAN be a good time to buy since fewer people are out looking looking.
NEED HELP WITH DOWN PAYMENT ASSISTANCE? Read more about the DAPs available in North San Diego County.