INTEREST RATES

Okay, so I have to give an example of how important and crucial it is to understand that now is a really good time to buy. So, interest rates are low, which means that this will potentially allow you to qualify for more house. Current example for a client. Because he did not lock in his interest rates months ago when he first entered into a ratified contract, the interest rate is higher than what he was initially quoted and now has a major problem with the monthly payment. Had he locked in when interest rates were lower, his payment would be almost $300 less than what we are anticipating it to be now. Each and every case is very different, but I can not stress enough how it can make all the difference in the amount of house you qualify for! I know it may sound simple, but it's true. The better the economy gets, the higher interest rates will go!! I know that sounds a little backwards too. The economy dictates that the better condition our economy is in, the more interest and more money consumers can pay! So, as our economy stabilizes, and it will, and prices in the market will increase, you may potentially get priced right out of the house you thought you would not be able to afford, when all the time, you really could've!