3 Reasons To Buy Your Home Now!

Here are the three great reasons to consider buying a home today instead of waiting.

1) Prices Will Continue To Rise
The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts.  Their most recent report released recently projects appreciation in home values over the next five years to be between 12.3% (most pessimistic) and 32.8% (most optimistic).

The bottom in home prices has come and gone.  Home values will continue to appreciate for years.  Waiting no longer makes sense.

2) Mortgage Interest Rates Are Increasing
Although Freddie Mac's Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year.  The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment.  Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3) It's Time To Move On With Your Life
The "cost" of a home is determined by two major components:  the price of the home and the current mortgage rate.  It appears that both are on the rise.  But, what if they weren't?  Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting.  Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.