In this video I talk about the two key reasons why it makes sense to buy sooner rather than later. Waiting to buy a home could cost a home buyer nearly $20,000 or more over a seven-year period if they purchase incorrectly. While the actual impact will vary depending on purchase price, the impact will certainly be significant because of stimulus programs scheduled to end in the coming months.
In this video I talk about the end of the Home-Buyer Tax-Credit and cover all the details of the soon to expire home-buyer tax-credit.
Reason number 2: I also talk about the end of the lesser known MBS Purchase Program
Mortgage rates have been artificially low the past fourteen months due to assistance from the Federal Reserve and their mortgage backed securities purchase program. Regardless of the expert, when asked what the impact has been to lowering rates, the range is from 0.50-1.00% or potentially more. The Federal Reserve has reiterated in that they will be ending the program on March 31st.
While it is uncertain to what degree interest rates will immediately rise starting April 1st, the overwhelming trend will be higher. Many experts are predicting that rates will start to rise in advance of April 1st.
David Lukas is an active Loan Officer and can be reached by calling: 501-952-3090 or you can email David at David@DavidLukas.com
David Lukas is an active loan officer and can be reached at David@DavidLukas.com or by calling 501-952-3090. Also be sure to visit www.DavidLukas.com
