Are you waiting to buy your next home in Desert Mountain Scottsdale? If so, you may want to rethink your timing. Waiting might cost you more money in the end. Homes are already half the price of what they were just a few years ago. Economists in Arizona are predicting that we are either at or very close to the bottom of the market. This means that there has never been a better time to buy real estate in Desert Mountain. One of the largest risks home buyers are taking by waiting is the potential increase in mortgage rates. According to the Mortgage Bankers Association, if the Feds moves ahead with their plan to stop buying mortgage-backed securities at the end of March, the rate on a 30-year fixed mortgage is expected to increase. This increase in mortgage rates will be by nearly a percentage point from today’s 5.18% to 6.1% by the end of 2010. Even with a home as low as $900,000 that is a $522 increase in the monthly mortgage payment. This is a huge difference in the monthly carrying costs of a jumbo mortgage.
Call me to help you find your Desert Mountain dream home. The combination of today’s prices and mortgage rates are a rare historical opportunity to be seized. Purchase your home in Desert Mountain while it is still a buyers market. Visit my website at www.DesertMountainHomesOnline.com to see all available homes in this exclusive North Scottsdale gated golf community.
Carmen Brodeur BA, LLB
Desert Mountain Real Estate Agent / Former Attorney
Carmen@ScottsdaleExperts.com
1-800-300-0263
www.DesertMountainHomesOnline.com
View Recent Sales by clicking on the link.
Become a Fan of Desert Mountain Real Estate on Facebook
About the Author: Carmen Brodeur BA, LLB is a Desert Mountain Realtor and Former Attorney. Carmen’s legal background provides her with extensive negotiation and contract writing skills. Her clients have a tremendous advantage when using her representation to buy or sell real estate in Desert Mountain. She welcomes your questions at Carmen@ScottsdaleExperts.com or 1-800-300-0263.
