In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.If you’ve been thinking about buying a
Mortgage Interest Rates Went Up Again Should I Wait To Buy
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.
Check out these great homes for sale in the Cherokee County Area between $200,000-$400,000 with at least 3 bedrooms and 2 baths!
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Some Highlights:The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!Anything under a 6-month