Anyone think that 4.5% 30 yr fixed will cause home prices to go up? More buyers waiting for 4.5% and then finally buying, creating demand.
On the 20% down, I am now reluctant to put that much down. This economy scares me greatly and I don’t believe there is a safe place for one’s money. I’m not a gambler, which is why I didn’t play in this last real estate market.
If I find a place I like and buy, I will put the least amount down and keep cash for emergency, etc. A place I recently tried to go into escrow on didn’t work out. The search for deals continues.
