How do interest rates impact buyers in todays market?
Mortgage rates have been creeping up from the record-low levels encountered recently. Waiting to buy may cost you thousands of dollars. Locking in a rate now will secure low payments for years to come. A few tenths of a percentage might not seem like a lot, but over the course of a 30 year mortgage, that could lead to tens of thousands of dollars in savings. Do you have any other advice for buyers? It is vital to contact a REALTOR® to get a better understanding of what is truly happening in your local market. REALTORS® can help explain and demystify complex housing trends and can help you navigate what could be some pretty confusing roads to home ownership in the short time that’s left to claim the tax credit. Buying a home is a difficult task, and to do it in 65 days in time to claim the $8,000 tax credit is especially so. A REALTOR® knows the ins and outs of the process and can help expedite things so that you can close in time and claim your credit. NJAR® launched its Get the Real S
