Mortgage Interest Rates are Going Up!

I’m not sure if you have noticed lately but mortgage interest rates to finance your new or existing Raleigh home purchase have been heading north. If you have good credit, cash for a down payment, earnest money and your closing cost, and you’re wondering if now is the best time to buy a home here in the Triangle, just remember, your choices are plentiful.

Buy Raleigh Real Estate when the Market is Low - Sale High!

Smart investors know the most opportune time to buy (stocks, real estate investment or any other financial investment instrument) is when fear is the greatest and prices are at their lowest. Time will tell if the Raleigh real estate market has hit bottom, not that our market has experienced the roller coaster effect like those real estate markets located in Las Vegas, the Inland Empire of California or the Miami condo real estate market.

So You Think You Can “Time” the Raleigh Real Estate Market

Ask anyone the best way to “time the market” and you’re apt to hear a myriad of answers  - none of which are an excact science. So if you are scheming to holdout until Triangle home prices are at their lowest, you may have lost money with additional cost for your mortgage with your attempts to time the market.

Look into Your Crystal Ball

If you had a Raleigh real estate crystal ball, where do you feel mortgage rates are headed in the next 5 months? I look forward to your comments.

Jim

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