Don’t procrastinate buying your home
As springtime fills the air, cherry blossoms are blooming, much of the year still lies ahead and many have started to think about how they are progressing with their 2024 goals.
If the dream of buying a house was put on hold when the interest rates went from 3% to almost 8%, and life got in the way of an idea that had gotten onto your to-do list, maybe now is the time to dust it off.
Mortgage lender Tina Del Casale from Sandy Spring Bank says, “There is still hope the Fed will be happy with inflation numbers by June to finally pull the trigger on lowering interest rates.” The rates might not be as low as they were in 2021, but historically, they are still not as high as they were 20 years ago.
Some people’s parents remember getting interest rates that were 12%, 14% or even higher. One of the biggest questions I get at homebuyer seminars is about is the process.
