New York Times says it's time for first time homebuyers to move!
December 10, 2008 by Admin · Leave a Comment
The New York Times published an article Friday stating that now is the time for first time home-buyers to take advantage of the market. It’s an interesting read, but the cliff notes version of it is that interest rates are below 5.5% right now, and it’s possible that they may be pushed down to as low as 4.5% in the very near future.
The market is a double edged sword: if you are only going to be in the area for 2-4 years. you should probably be renting. However, if you’re a home-buyer looking to live in the area for 5+ years, the odds of seeing a fixed interest rate of 4.5% rate again are pretty slim. Quite simply, it’s a monumental rate drop!
~Jonathan Benya- Realtor
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000
301-653-8116
Charles County Real Estate Blog
