Mortgage rates have been moving up and down within a tight range the past few months partially – the Federal Reserve will be the key to watch in predicting future direction  (reducing the printing of money, e.g. Quantitative Easing).  Hence, if you’re thinking of buying a property with a mortgage, now may be the time to act.  One tip – if you’re going to stay in a property several years it’s worth exploring a 15 year mortgage.  Not only will be get about a 1% lower interest rate  (exact amount varies daily), you’ll pay far less in interest over the life of the loan.  All in all, borrowing money remains a bargain for those who can qualify for a loan.

Feel free to contact us to further discuss these ideas; we are also able to connect you with a lender to review your specific situation – “just ask.”