I want to buy a house right now, but is this the best time?

On April 23, 2009 / By Estate Planning Help / In Estate-Planning-Financing

Do you believe I should buy a house in about 1 year? Do you think Real estate will keep on dropping?

How about rates. What do you think will happen to rates fluctuation. It’s about 5.875 right now for 30 year fixed 100% financing. Should I wait?

I’m planning on buying a 300k house in Chandler, Arizona

3 Responses to “I want to buy a house right now, but is this the best time?”

Shana_B said:
Apr 23, 09 at 2:10 am
If you are planning on living in the house for a long time, then you may as well buy now, since it won’t matter if the price drops if you aren’t planning on selling.

If you plan on moving within the next year or two, then you should probably keep renting.
datlinh said:
Apr 23, 09 at 9:05 pm
If you have good credit so just go head ….
IWEEPFORMOORE said:
Apr 23, 09 at 9:52 pm
NO, It’s actually at 5.5% and falling for a 30 year fixed. I’ve got a GFE in hand for that as of this morning.