Sat Dec 26, 12:38 am ET
WASHINGTON (Reuters) – After hitting an all-time low in early December, the average rate on a 30-year, fixed-rate mortgage rose to 5.05 percent this week and could climb to 6 percent by the end of 2010, the Washington Post reported on Saturday, citing U.S. mortgage financier Freddie Mac’s latest survey.
Meaning that if you want to buy a home or even “considering” buying a home, I recommend pulling the trigger at the latest by March 30th 2010 so you can close by April 30th. Why? 3 BIG reasons:
1. get the $8000 or $6500 tax credit (m0ney)
2. Interset rates are still in the low 5% (not 6% YET)
3. House prices still low.
What other motivation do you need???
You will save more money now than at ANY FUTURE TIME. This is not the time to hem and haw and after April 30th is passed say, “wow I Should have bought that home.” Wrong.
Think carefully and save lots of money now.
Call your Smart realtor and discusses it (me)
