Now Is NOT The Time To Buy a Home in Evesham Township, New Jersey

Now Is NOT the Time to Buy a Home in Evesham Township, NJ

You do not want to Call Me TODAY to discuss your home buying options.

I am sure that many of you are surprised to hear these words coming from me....Leander McClain, Realtor & Real estate consultant. According to a study cited by the National Association of Realtors, "8 out of 10 economists agree that home prices will rise in the next 5 years". Last week, the National Association of Realtors said the number of signed sales contracts rose for the seventh straight month in August, as homebuyers rushed to take advantage of a tax credit for first-time owners that expire in November.

According to Freddie Mac, rates on 30-year home loans dropped below 5 percent for the first time in four months, but still remained above this year's record low. The average rate on a 30-year fixed mortgage was 4.94 percent, down from 5.04 percent last week. The last time the 30-year home loan averaged less than 5 percent was the week ending May 28, when it was 4.91 percent.

"Low mortgage rates are helping to stabilize home sales," said Frank Nothaft, Freddie Mac's chief economist. Borrowers may want to consider the Federal Reserve's announcement last week that it is slowing down a program intended to lower mortgage rates and boost the housing market. Analysts say mortgage rates should remain low for now but could eventually move higher, and homeowners who want to refinance mortgages shouldn't delay. You may not Call Me Today, but according Mr. Nothaft, if you call me next month, there is a good chance that you will pay more for your mortgage.

With all of that said, maybe now is the time to consider purchasing your new Evesham Township home. Five years from now, will you be the person who looks back on the decision you could have made today and say

I should have purchased a house when the prices were low!

Call Me TODAY!

Don't let this opportunity pass you by without giving it your best shot.
I look forward to hearing from you today.

Have a great day

Make This YOUR Best Year Ever

Leander McClain, Burlington /Camden County, NJ Realtor & Real Estate Consultant, Keller Williams Realty, 1814 Route 70 E Cherry Hill, NJ 08003 856-685-1677 Direct

Search NJ & PA Home Listings @ www.NJSouthRealEstate.com

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