2006-07-02 05:34:49 · 7 answers · asked by Alexander 1 in Business & Finance ➔ Renting & Real Estate
Yes. (If you don't have a house)
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2006-07-02 05:45:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best time to buy a house is when YOU ARE READY, not the mortgage rate.
1. Save and emergency fund equal to 3 - 6 months expenses
2. Have 20% down payment
Read Dave Ramsey's book. www.daveramsey.com
GOOD LUCK
2006-07-02 12:39:44 · answer #2 · answered by snvffy 7 · 0⤊ 0⤋
Rates are still pretty low. Even if you buy the house on a 30 year and rates drop you can refinance. If rates go up more though you will have to pay higher. We have a cyclical economy and rates will go up and they will go back down (3 years-maybe less) again. E-mail if you have any questions or need a loan.
2006-07-02 23:38:54 · answer #3 · answered by unclejesse1 3 · 0⤊ 0⤋
Mortgage rates have been at record lows over the last few years. Yes, they are rising. They will continue to rise.
If you want a home, do it now before the rates rise even more.
2006-07-02 14:16:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Get a short term mortgage, they tend to be better over time
2006-07-02 12:37:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
wait a couple years for the real estate bubble to burst..a lot of desparate sellers will compete to sell their home and this will drive down prices...
2006-07-02 13:02:04 · answer #6 · answered by mayigniteunderpressure 3 · 0⤊ 0⤋
you might want to wait until the housing bubbles bust 1st
2006-07-02 12:44:53 · answer #7 · answered by n K 4 · 0⤊ 0⤋