Jeff’s Carlsbad Blog for First Time Home Buyers


What About Those Interest Rates?

Posted in Financial,Mortgage info by Jeff Dowler on December 15, 2007
Tags: , , ,

moneysign2.gifHave you been thinking about those interest rates?

You should.

Right now the rates are about the best we have seen in 2 years – that’s a long time. Going below 6% is pretty good news. So if you are thinking about buying you might seriously want to consider it now due to the rates, if everything else makes sense in your personal and financial life. If the rates go up again, which they will, that could negate any other drops that might occur in prices. And that is not happening in all areas.

This time of year tends to be slower with the holidays, and there are less people out looking at homes. What this means for you is less competition. All in all this could be a great time for you to buy, given the inventory is very good in most prices ranges and communities (at least here in the Carlsbad area).

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