Should I Wait For Mortgage Rates To Fall Further?

Falling mortgage rates have been in the news again, having sunk to a near three year low.

With so much good news on rates in recent months, a lot of buyers are asking if they have much further to fall, some perhaps reasoning that playing a waiting game might yield even more attractive rates.

While rates have been trending progressively lower since last November, there are simply no guarantees that they will continue further south.

A wide range of economic, political and international factors all weigh on where mortgage rates sit at any specific point in time.

Simply put, hoping for further falls is a high risk strategy and a gamble.

Many wise buyers are currently recognizing the current time as presenting a wonderful opportunity to lock in a low rate for the entire life of the home loan.

Contact us to discuss your best strategies in the current very favorable situation.

Kind regards
Aaron Novello