Silverlake (Sherman Oaks, CA)
By Loan Mod Expert
(Loan Modification Department)
If you entered 2009 with decent debt, a good FICO score, and a stable income, this may be the perfect year to buy a home. The week of December 31st saw mortgage rates drop to an average of 5.1 percent, an all-time low according to a Freddie Mac survey. And the good news is that they’re expected to drop even more in the coming months. Experts are still divided on whether it’s wiser to buy now or wait. After all, the economy is still far from stable. It all comes down to your personal risk preferences: borrow now if you want to play it safe, wait if you’re sure there’s a better deal ahead. Here are some key points to keep in mind: Shop around Twenty years ago, when rates never varied by more than 0.25 percent, one loan would have been as good as the next. But the plunging economy has put ...
Comments 5
Sherman Oaks, CA Real Estate Professionals