If you're a home buyer, this might be your last buying opportunity for some time. Since January of this year mortgage rates have increased consistently from 3% to 7% today. Many experts believe we could see interest rates around 9-10% next year. If you're a buyer looking to purchase in the next 12 months this might be your best opportunity. Last week, mortgage rates for a 30 year fixed dropped .5%! This...
I now can't get "Where have all the Cowboys gone?" out of my head. You're most welcome. Lets move on... and my have things changed from a year ago today. This time last year I was working with more than a dozen serious buyers. As a good agent I was telling them to act fast and if our offer got accepted then we'll do our due diligence. Now I'm telling my buyers, if you can wait a few months I'd do so. Why...