Why to Buy a Home Now
Posted on August 29, 2019 – 10:11 AM by Community Real Estate
Are you looking to buy your first home? Or possibly even to purchase your dream home? There is no better time than now to dive in and buy a home for sale in Vacaville or home for sale in Fairfield, and here’s why:
- Decreasing Mortgage Interest Rates: After leaning towards a 5% last fall and winter, mortgage rates have dropped almost a whole point and are now below 4%. Predicted by “Fannie Mae”, a 30-year fixed mortgage rate on average will be 3.7% for the second half of 2019. Almost a full point less than the 4.4% average rate from the first quarter! Purchasing a home for sale in Vacaville now, makes financial sense, rather than putting it off for later.
- Rent is Increasing: Though buying a home is more costly up front than renting, you start building equity and not losing your hard-earned money by giving it to a landlord. Rent prices are rising and they typically don’t decrease. So if you can manage to pay for a home for sale in Fairfield, now is the time to do it.
- Homes are more Affordable: The price of a home isn’t the only component you should look at; wages and mortgage interest rates are just as important. Even though some prices of homes for sale in Vacaville may have gone up, wages have also and add the lower interest rates, buying a home becomes more budget friendly.
If you’re still not sure if you’re ready, or if you have more questions about purchasing that beautiful home for sale in Fairfield that you’ve been eyeing for months, call us at (707) 447-7777 to set up an appointment and let us ease your mind.