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Close Topic OptionsChat Plus: Should Home Buyer Wait for Better Rates?
Chat Plus Home Buyer Wait Rates - Politics, Business, Civil, History - Posted: 22nd Dec, 2008 - 5:38pm
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Post Date: 7th Dec, 2008 - 11:10am / Post ID: #
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Chat Plus: Should Home Buyer Wait for Better Rates?
Chat Plus: Should Home Buyer Wait for Better Rates?
Real Estate Related News
Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat.
Rates for Wait Buyer Home Plus Chat
If you are buying a house your rate should be locked for 60 days as a price cap but often if the rate drops below that the lending institute will match it.
As far as losing the chance to buy a house you like over 1 % on the interest rate it does not make sense. After all when you go to renew n 5 years or what ever the term is rates might be a lot higher then what? If you can not afford and interest rate of 10% on your mortgage I would be willing to say your over mortgaged.
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TOPIC: Chat Plus: Should Home Buyer Wait for Better Rates?