New House

A New reside XECO/212 April 6, 2012 A New House A new-fangled house is an important financial decision. Many factors extremity to be estimateed before beginning the process of purchasing a house. If all(prenominal) aspects of the bribe atomic number 18 not imageed, any mistake screwing have dire financial consequences. One thing to contemplate before purchasing a house is the current owe rate and the forecast of the owe evaluate in the come down near future. Right now mortgage rates atomic number 18 at an all time low. With the mortgage rates at a low point, this means that the vendee go out spend little property in the presbyopic run. The mortgage rate testament not stay low for a very long time. The mortgage rates are crystalise judgment to lift again in the near future. In as little as a year from now, the intermediate mortgage rate is expected to rise from 4.5% to an average of 5% (Yun, 2011). The purchaser need s to consider governing agencies and their policies that will relate the housing market. The main government deputation to consider is the national Reserve. The Federal Reserve is the agency responsible for setting the rise and fall of interest rates and how much coin is to be available to purchasers. If less money is available to purchasers and people are not able to carry enough funds to purchase a house, the prices of houses will drop. On the contrary, if there is more money available the price of homes will rise to maximize value for the seller. In my opinion, the investment of acquire a house is a wise one considering the purchaser has made all the castigate research and has all the financial means to make the fealty to paying the mortgage. Reference Yun, L. (2011, October). Mortgage Rates. Retrieved from hypertext transfer protocol://economistsoutlook.blogs.realtor.org/2011/10/31/mortgage-rates/If you want to get a wide-cut essay, auberge it on ou r website: OrderCustomPaper.com

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