This weekend one of our families – already excited about the start of their new home – was also delighted that the mortgage rates dropped. It allowed them to treat themselves to a few additional customizations without harming their monthly allowance for mortgage payments.
They also shared a story that I thought offered a good perspective on whether the glass is half empty or half full. A friend of theirs said they would continue to wait it out on buying a new home because rates and prices are probably going to fall even more. Our new homeowner said he would certainly not be happy to see that happen. As he remarked, “It would mean the economy is the tank and I would then worry if I will have a job!”
No doubt about it – The Time To Buy Is Now!
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