July 19, 2013 BY Utechservs
Now is the time to buy if you are looking for a new home. The historic low interest rates are starting to rise and it is expected that they will continue to do so throughout 2013 and into 2014. The Federal Reserve has announced that it expects to scale back on the subsidizing of bond buying in 2013 and may stop all together in 2014. This means that the artificially low interest rates will climb, as they have already begun to do this year. So those looking for La Jolla homes for sale with a desire to buy should act fast to take advantage of the low mortgage rates still available.
The good news is that housing prices are also still low, in comparison to prices before the housing crash. Though the mortgage rates have increased slightly in 2013, they are still lower than they were for decades before 2011, making it a perfect time to capitalize on both great prices on La Jolla homes for sale, as well as lower payments through reasonable interest rates. Anyone who is in the market to buy should not wait any longer to look for their new home. There is a good chance that waiting even three to six months could make a large difference in the amount of interest that is paid throughout the term of the mortgage, ultimately costing thousands of extra dollars.