It certainly has been an active month, with the stock market and interest rates doing daily gyrations. It is a sign that all is not perfect with the economy, which means that you should be mindful of some important considerations when buying a home. We've devoted much of this month's issue to ways to be effective in the type of market we are now experiencing. Rates may or may not continue their strong march upward, but virtually no one is predicting an easing in rates.
Many experts forecast the trend toward higher rates to continue for much of the current year.
If you have been holding off buying a home, waiting for the rate situation to improve, your window of opportunity may be quite limited. Many buyers find themselves needing or wanting to own a home but hampered by their credit history. This is an ideal time to make comparisons of different loan offers and rates. Submit one simple application to LendingTree and get up to 4 competing mortgage offers, all within 2 days and at no cost to you. We've received a number of emails in the last month or so questioning how the recent fluctuations in the stock market, the housing market and interest rates will affect home buying and ownership.