Geoff, If those commercials hinted anything about the government being involved, they are fake come-ons, and should be ignored. With the interest rates inching up a bit, that will cause some hesitation for people to jump into a mortgage, and make the price come down a little, but that is different in every region. Like the realtors say; "location, location, location".
For me, the main thing is to not be in a hurry, and extensive research on what is available at what price. I am allergic to interest, of any kind, and especially amortized mortgages. Now the geniuses of finance have come up with those "interest only" mortgages that are a bad joke, IMO. Fortunately, I don't have to move, and whenever I do, it will be a cash transaction. |
