![Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC] | My KCM](https://files.mykcm.com/2019/03/13065556/20190315-St-Patricks-Day-MEM-600x600.jpg)
Some Highlights:
- Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018.
- Take advantage of more inventory coming to market in the spring to find your dream home!
- Buying now will allow you to start earning equity today!
Contact the Gold Country Modern Team, your Amador County real estate connection, for assistance buying or selling a home in the Gold Country.
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Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.
Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You Are Paying a Mortgage...
