Interest Rates are Rising!

The Virginian-Pilot reports that interest rates are once again rising. This time the average home loan interest rate has risen above 5% for the first time in years. What does that mean? Is it time to stop thinking about buying a home and actually do something about it? Do it now before the rates go even higher. Every time they "tick up" means less house you can afford at the higher rate and more money you have to pay back! Take charge of your future financial well being, stop renting, start putting that rent money into a home of your own ... then you will have something to sell when years from now you are ready to move up or move on. (You won't have given it up to some landlord). Do it, become a first time homebuyer! First step, contact a REALTOR, they can be a great source of information and can help put your plan in motion. Oh yeah, BTW, I am a REALTOR*. Contact me.