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Three Reasons To Buy A House This Summer

Julie R Baldino

Front Door Realty is locally owned and operated...

Front Door Realty is locally owned and operated...

Feb 5 2 minutes read

1- Mortgage Interest Rates and Prices are on the Rise:

Mortgage rates are currently at 4% according to Freddie Mac’s Primary Mortgage Market Survey, a historic low, but will be rising in the near future. This is your monthly payment. Lock down a good price now to avoid unnecessary debt.

Interest rates have increased 6.9% over the past 12 months and are projected to rise another 4.8% throughout the year according to CoreLogic’s latest Home Price Index.

2- Either way, a Mortgage is Being Paid:

Whether it is your own or your landlord’s, a mortgage is being paid. With a landlord, they are building equity every month you pay them and you’re getting nothing. With your own mortgage, you are forced to save money into a building made of equity, giving you something after spending money every month.

3- It is Time to Move Forward:

Mortgage rates and home prices are on the rise, every month you rent you’re throwing money at nothing, and a house will give your family financial worth. There isn’t a right or wrong time to move into a home, but currently, the market is in your favor and won’t be for too much longer.

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