“I have a feeling that we are in a recovery of sorts,” Toscano said.
Just in time before the elections… How serendipitous 😉
Would-be homebuyers have to decide whether it’s worth hoping for lower prices, when higher rates could eliminate any savings on the monthly payment.
Assuming higher interested rates cancel out lower prices, you still are left with lower downpayment and lower property taxes.[/quote]
I have been hoping for 10% rates plus since 2006. Still waiting but the lower taxes and higher downpayment is what i really wanted because I could always refinance later when it drops to an avg 6-8%. Who knows anymore what the rates will be later this year. That was one thing I was never close on.
