Never mind that interest rates are scrapping the bottom of the barrel already. If you are considering any options having to do with financing a mortgage, keep your eyes and ears open. Be ready to lock your rate. Don’t get caught in the up swing. This years presidential elections are just around the corner and once thats behind us you could see a major move in the financial markets.
Home prices are already creeping upward in many areas around the U.S. Foreclosures are also trending down in many areas causing increased pricing pressures. As a result people are finding that chances of making a purchase within the pricing of a down market are becoming slimmer.
Keep in mind what your particular options and pitfalls might be and make adjustments decisions now. If you are ready to jump in now it’s not a bad time to do so. Stay informed…
