Whether you are a first time buyer or a move-up buyer, now may be time to purchase a home – before prices increase any further.Rents, home values and mortgage interest rates are projected to rise. The experts are predicting that homes will appreciate by another 4% and interest rates will increase by a full percentage point by the end of 2015. Buy a home now, instead of waiting till the end of the year.
If you have been thinking about purchasing a home, the first half of 2015 is a good time to buy instead of waiting later in the year.
Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of 2015.
