Mortgage rates are near record lows and prices are rising, making it tempting to jump into the housing market. But the market could shift soon, one expert warns. Here’s what you need to know before making an offer.
More threats are still a record lows and home prices are inching up from sharp declines. Making it a good time to buy a home. Figuring out how much house report can be tricky business. Stan Humphries who has the chief economist. -- dot com -- vehemence. Homebuyers to the current conditions the last. He predicts significant volatility on interest rates and prices and the coming. So if you're thinking of buying a home right now here's some. First. Don't get an adjustable rate mortgage interest rates are low but there's no telling when they'll go back up again. Thirty year fixed mortgages or just below 4%. And there's a good chance they won't stay there so -- -- rates now for the long haul second. Don't expect a quick -- Mortgage rates rise that -- short circuit the recounts how friends don't bank on slipping your house more than you paid. If you are right now you should expect for the long term. Third. Email list. Many web sites offer home affordability calculators. They take into account your income your monthly expenses cost of the house possible mortgage payments. But not -- -- parameters at the outcome. And that's always end up with more house than you can afford. The concern that it isn't good time that I don't. Need to do so why.