In a recent
video update
on the housing market, Frank Nothaft, Freddie Mac’s chief economist,
stated that with both mortgage interest rates and home prices projected
to increase in 2015 buying now makes sense.
“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later.”
Here are the latest mortgage interest rate projections from four major housing entities:
Fannie Mae,
Freddie Mac, the
Mortgage Bankers Association (MBA) and the
National Association of Realtors (NAR):
Thinking of Selling & Moving Up?
This advice isn’t limited to just the first-time buyer. If you are
considering moving up to the home your family has always wanted, waiting
also makes no sense.
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