“Buying a Home Sooner Rather than Later”
Good morning Joe,
Happy New Year! I hope you and your loved ones had a great new year and enjoyed the holidays! I am at the point in my life where I am considering purchasing a home and need to see what I qualify for. To be honest my credit is not stellar due to some things from my past life that I carried forward however have since been taking care of those obligations which I realize may not be 100% reflective on my credit report yet. None the less please let me know what we need to do to start the process.
The stock market has had amazing gains over the last 12 months and as crazy as it sounds is showing no signs of slowing down. So, what does that mean for interest rates going forward? Simply put, investors are putting more money into the stock market and often are taking money out of the bonds market. When money is pulled out of the bond market it means that interest rates are going to move upward.
I wish I could look into a crystal ball and say how long this will continue, but rates are most likely going to continue this current trend for a while.
If buying a home is in your future begin the process sooner rather than later.
Image courtesy of StuartMiles/Freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.