World financial events are conspiring to make it more expensive to borrow money to buy a house. In fact, mortgage interest rates are on the increase, according to BankRate.com, while housing prices continue to rise due to a lack of available properties for sale.
If your credit is good and your job is secure, industry analysts agree that it’s time to make an offer on your new home – the sooner, the better!
Steady economic growth and higher pay are encouraging even more Americans to jump into the already crowded real estate market. And rising interest rates will mean the competition for houses will continue to grow throughout the year.