If you’ve been looking for a house and wondering if now is the right time to buy, the answer is, from a financial perspective, a resounding yes! This is the best buying opportunity we have seen in years!
The 10 year treasury just dropped to it’s lowest point since September 2017, Click here for link
I’m not going to say that interest rates have hit a bottom, but what I am going to say is that this is the best buying environment that we’ve seen in at least 2 years, and it’s not at all too much higher than the best buying environment in recorded history. We got roughly 45 basis points lower than this during the peak fears over Brexit, but other than a 18 month or so period a while back rates have never been this low.
When we started the year the wizards of smart predicted that interest rates were going up, up up. The trend was definitely up as rates have been creeping upwards for some time and did so throughout almost all of 2018, but since then we’ve had a reversal.
What does a lower interest rate mean to you dear buyer? It means, the house you are looking at buying is on sale. It’s always nice to buy when a house is on sale. It’s on sale right now!
Another reason now marks a good time to buy a house is that with the summer season upon us inventory is about as good as it’s likely going to get. So, you have people selling their houses during the summer selling season. You have the markets giving you a green light to buy with interest rates that are much better than expected, now is a great time to buy a house.
There is literally only one downside to trying to buy right now- everyone and their brother is out looking at houses. I do, however, have a trick to help you win that bid on the house of your dreams at the lowest price possible. Call me at 832-557-1095 or email me at email@example.com and I will let you know how we can make sure that your bid is the winning offer.
This is a mini blog, as market conditions are such that I wanted to get this out there right now and I don’t know how much longer they will be this good
We are dedicated to giving customers the best possible deal- if you are shopping around and talking to different lenders call me or email me and ask me about our $10,000 guarantee.