The bond bubble has finally burst and as a result the interest rates on Mortgages has risen sharply in the last two weeks. It seems like it was only yesterday when i was shouting out that interest rates wouldn’t go any lower and that now was the time to buy a Sonoma County ome. Did you listen? I didn’t think so. So now rates have risen about .75% from there low a couple of months ago.
Now don’t get me wrong. If you are looking for a great mortgage rate for a home in Windsor or Healdsburg or Sant Rosa then take a look at the big picture. Any rate below 8% is great. We have been a little spoiled lately and that is OK but I wouldn’t wait much longer. With Spring coming in a couple of months and the improving economy, more people will get into the home buying market and that too will push interest rates higher.
Don’t delay. Now is the time to get pre-approved for a home loan and start your education process in the area that you think you want to purchase a home in. If you aren’t sure what you can afford, give me a call and I can answer most of your questions over the phone.
Hunt For Your Loan…707-328-1233
