Best Time to Buy your Dream Home…

Don’t miss what could be a great time to buy that dream home you have been considering. With a strengthening economy, rising home prices and historically low interest rates, it could be the best time to buy a luxury home in Washington D.C. for the foreseeable future.

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, prices are still below those of a few years ago. Also, jumbo rates are available in the mid 3% range. However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point:
Time to Buy Interest Rates