Boy those are some words my wife loves to hear me say! As I was sitting down to write this post the President was prepping for his State of the Union Address and the big wigs at the Federal Reserve were in a meeting deciding what “Economic Levers” need to be pulled to sustain our upward trending economy. Its no secret that we all have our political positions and beliefs on how our great nation should be run…but there is no debate that interest rates are one of the most powerful tools to impact our economy. Much to our disappointment interest rates are going to be raising as our economy continues to improve…BUT DONT PANIC!
The rates are now between 4.6% and 4.7% on a 30 year loan which is a crazy, crazy good deal. The average loan rate since 1990 has been 6.7% and rates dropped below 5% for the first time in years in 2009, which means we are still able to secure a great deal on a mortgage! With that said…they are going to raise soon, so if you are thinking about buying your first home or upgrading into something a bit better for your current lifestyle, you may want to consider doing so sooner than later. After all why would you pay more for something later that you could have cheaper now!
If your ready to buy lets get started! Contact me here!
