Do you have new home fever? As homebuyers look for larger homes that can accommodate the new style of living, many are looking to move up to a larger home.
According to this article in KeepingCurrentMatters.com, if you are considering a move, the mortgage rates are certainly favorable to purchasing a new home.
When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling? Should I wait until they get even lower?
The Challenge with Waiting
The challenge with waiting is that you can easily miss this optimal window of time and then end up paying more in the long run. Last week, mortgage rates ticked up slightly. Sam Khater, Chief Economist at Freddie Mac, explains: