Do you ever catch you self thinking, " should I buy a home now?" With the economy the way it is, shifting back and forth, its probably a question you think of quite frequently! Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem to this approach is that you don't know where the bottom is until you see it. In other words means you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further, but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life, Its so important to live in a home that reflects your fast and values, yet is within your financial comfort zone. To that end, it may be more important to lock in todays interest rates!!

Please call Re/Max 1st Choice- The Underwood Team if you need assistance finding the home of your dreams or if you need help finding the home in your price range! We would love to assist you!