Recipe for buyer success
This week’s interest rates on a 30 yr mortgage dropped to as low as 4.4%. Fox news reports that homes haven’t been this affordable to buyers since….well who knows, but it has been a long, long time. Remember the phrase “Perfect Storm”. So here is your recipe for buyer success – mix 1 part high inventory of available homes, and 1 part low prices, with 1 part extremely low interest rates. BAM! Best tasting thing ever. Remember, it is the smart investor who purchases when it cost the least. Don’t wait like the majority and buy when the prices start to go up. This causes a panic which causes prices to go up faster.
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\nBy: on August 13th, 2010 Category: Uncategorized