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Many times, the holidays are seen as a slow time in real estate. However if you are thinking about buying a home, now is actually the best time! Mortgage rates have been hovering around 3.5% since June, and in November rates have risen to 3.94%. The good news is that rates are still slightly below where we started 2016, at 3.97%.
Industry experts predict rates to continue to increase. That’s why it is best to still take advantage of some of the lowest rates in recent history for homes!
Before you start looking for homes with your Shorewest, REALTOR®, talk to your Wisconsin Mortgage Loan Officer about what you can afford. With the slightly increased mortgage rates you may be in a different price bracket. It is best to start your home-buying search with a pre-approved loan. The whole home-buying process will go much smoother and quicker!
You might have missed out on the lowest rate but it is still better than those buying 10 years ago, better than your parents 20 years ago and definitely better than your grandparents 40 years ago! Talk to your Wisconsin Mortgage Loan Officer and your Shorewest, REALTOR® to start your home-buying journey today! #ShorewestRealtors #WIMort #ShorewestFamily #BuyingAHome
Source Credit: Keeping Current Matters
Tags: buying a home, first time home buyers, Home, Home Buyers, Homeowner, Mortgage, mortgage rates, Pre-Approved, shorewest, shorewest family, Shorewest Realtors, WIMort, Wisconsin Mortgage Corporation, Wisconsin Mortgage Corporation Loan Officer
Categories: First Time Home Buyers, Home Buying, Homeowner, How to, Monday Motivation, Mortgage, Real Estate Tips
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