Interest Rates Likely to Rise in 2010
Interest rates for a typical 30-year mortgage are predicted to reach 6% in 2010. That along with continued signs of recovery in homes sales signal the beginning of the end of this buyer's market. This has been and continues to be one of the best times in history to purchase property. Reduced prices and interest rates combine for thousands and thousands of dollars in savings.
If you have been on the fence about a potential purchase, now is the time to act. The buyer's market will not end suddenly, but the signs for an end in the foreseeable future are present.
The best buys on and around Lake LBJ have moved well this fall, which historically is a slow time of year. Sales were actually increasing in the fall versus spring and summer. The buyers that take action in the early part of 2010 are likely to get the best deals.