Depending on which paper you read, which news station you tune in to, or which economic forecaster you follow they are all reporting something different.   So what is it; is the economy good, bad, or steady?   It certainly makes for lots of confusion and a general uneasiness if you are looking to jump into the home buying or selling arena.   Should you sell now?  What if it takes several months to sell, where will the rates be?  If I am a first time home buyer, is now the time to buy? 

Your best bet is the common sense approach.  If you have a good job, feel secure in its continuance, earn enough income to support a mortgage payment and have some money saved you should find the right home and proceed.   It is still the best investment you can make.  If you want to sell your home you will want to be sure it is priced right to help sell it quicker.   Speak with your trusted real estate agent and mortgage broker, then review all your options and move forward with what you think is best for your particular circumstances.

Rates are creeping up but don’t be alarmed by a 6 ¾% interest rate, the average rate over the past 2 decades is over 8%.