Have you been waiting to take advantage of the lowest mortgage rates in history? This is the time to act. Whether you’re a home buyer, homeowner or home seller, 2013 provides a rare opportunity. Here’s how you can benefit:
Refinance. If you own a home, make sure you’re not passing up an opportunity to refinance. Waiting for rates to go even lower than they are now? Mortgage rates – including those for jumbo loans – are about as low as they will go.
Buying a home. Today’s low mortgage rates and home prices have made home ownership more affordable than it has been in years. The rates on jumbo loans are the best they have been in a long time, making this a great time to buy that second home or vacation rental.
Selling your home. It’s a great time to sell a home. Properties in many price ranges are selling more quickly and at higher prices than they did just last year. Buyers, armed with low-rate home loans, are buying properties in all price ranges. Sales of high-end vacation homes are increasing. And if you buy another home after selling yours, you’ll be able to lock in at today’s super-low rates. It’s hard to beat that combination!