1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Keller Williams Realty Logo

you must be hurry to buy a Home before 2014

New rules, rising rates could mean fewer options.Hurry before interest rate go up in 2014.

FOR IMMEDIATE RELEASE

 
 
sf
sf
PRLog (Press Release) - Dec. 18, 2013 - FREMONT, Calif. -- The year 2014 will be a type of test market for the mortgage industry, with the Federal Reserve expected to eventually taper its mortgage securities purchases.

Not to mention the fact that 2014 is forecasted to bring a rise in rates and new lending rules that are likely to reshape the process of acquiring a mortgage.

With all of that in mind, HomeFinder.com is advising consumers to consider buying homes (http://blog.homefinder.com/2013/11/25/five-reasons-why-you-need-to-close-on-a-home-by-the-end-of-the-year/) before the end of this year.

The site goes as far as naming the top five reasons for buying real estate before the dawn of 2014.

Among them the fact that rates are already up one to 2% over last year, and it’s still possible to grab a 30-year, FRM at 4.5%, according to lenders cited by HomeFinder.

New lending rules, including the qualified mortgage definition, will shift debt-to-income ratio requirements higher, potentially making it more difficult to buy a property, the report claims.

Lower sales during the holidays also could mean more inventory to comb through.

And finally, anyone who buys before the end of the year can begin deducting the interest right away, maximizing tax deductions.

Contact
Keller Williams Realty
510-790-7900
***@kw.com

Photo:
http://www.prlog.org/12258423/1

--- End ---

Click to Share

Contact Email:
***@kw.com Email Verified
Source:Keller Williams Realty
City/Town:Fremont - California - United States
Industry:Mortgage, Real Estate
Tags:home purchase, loan, Mortgage, lender, home buyer
Shortcut:prlog.org/12258423
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share