This Is The Time To Buy Irving Real Estate.
Why you ask?? Interest rates are still at historic lows!! We take for granted that mortgage rates will always be in the low 5%. History proves that this will not be the case. Recently we have seen the rates rocket up in a day and then settle back to the mid 5%.It is just a matter of time before they increase and they stay there. Last week, Ben Bernanke the Federal Reserve Chairman stated that as the economy heals, the Fed will be on alert to protect us against inflation. Inflation is not a problem today...history shows us it will most certainly become a problem down the road. and that stretch of highway is coming soon. The threat of inflation in the news recently has been causing both Bonds and home loan rates to worsen in recent days.
Along with the fear of inflation, the Fed's purchasing program of Mortgage Backed Securities is already slowing down, with the end of their buying in sight - and the reduced demand for these Bonds is also driving home loan rates higher.
So Beware!!!
Home loan rates are already on the rise, and we won't likely see these low historic levels again. Even so interest rates are still very near historic lows - your mamma' mammas' mamma couldn't have gotten a better interest rate - and the opportunity these low rates present is huge for homebuyers . If you have a friend, family member, neighbor or coworker who may be looking to buy a home any time soon - please send me an email. There's no time to waste.
Looking for an Irving Real Estate Agent?? Just a click away at The Irving Real Estate Agent. Looking for a Realtor that has lived and worked in Irving Texas since 1987?? Click on Irving Realtor. Looking for information about the City of Irving or about Irving ISD email me at [email protected]. This is an awesome time to buy a home in Irving Texas. Mortgage rates...many homes for sale in Irving to choose from..don't miss out.