Will Interest Rates Drop? Now may be the time to buy!

There has been much talk lately that the FED's cut next week will be from 1/2 to as much as 1 percent.  While the FED'd rate does not equate to mortgage rates; it does sometime help boost mortgage back securities which may in fact help Interest rates.

This could mean a slight drop in mortgage interest rates as well as a boost; probably short-term; in the stock market.  Also credit interest rates should see a drop and overall, borrowing of money will be cheaper.

Most people are saying that if you are buying a home - don't lock in your rate until after the FED announces this possible drop Tuesday afternoon. This doesn't always equate to a new loan with a better rate; but it generally won't hurt either.  Of course you should always consult with your mortgage professional or financial planner - but it looks like waiting a few days to "lock" may in fact save you some cash.

 If you are "thinking" about buying or waiting for the right time - a drop in Interest Rates, may in fact be the best time to buy a home.  

Inventories are still a bit high in most markets; including many parts of the Washington DC area.  Those sellers that really want to sell before the holiday season and the cold winter months are ready for the buyers!

There are 3032 Properties For Sale in Washington DC. 

969 For Sale in Arlington VA   and  880 in Alexandria VA  

5754 in Montgomery County Maryland  and 6710 in Prince George County Maryland

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