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2009
What I think
In the first quarter of 2009, I think that we will continue to see the interest rates drop; but perhaps just slightly. How low will they drop? That is unpredictable and it is impossible to time the bottom of the market. However with the rates as low as they are 4.75 – 5.0 it is definitely a very good time to buy. To buy in today’s market and receive these record breaking low rates that the US housing market is seeing however, you must have strong credit and at least 10-20% of the purchase price to use as a down payment.
Though the current economy is not at its best, it is indeed still a very good time to buy. Prices have dropped, rates are way down, and sellers still are willing to negotiate the final purchase price by at least an additional 5%.
Date: Sunday, January, 18th 2009 @ 08:39:53 AM
Views: 148
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