The rates are projected to go up later this year. You can always purchase points through a mortgage broker and get a better rate. Since you have excellent credit already you may not have any issue getting the lowest rate possible. If you need a mortgage broker reference I would be happy to provide one. I personally feel you can wait until fall. You are smart by making the minor repairs and doing things right from the beginning rather then wishing you had down the road.
Real Estate Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
There have been modest declines in some areas of the market, especially in cooperatives where there is a lot of inventory. However, condominiums continue to increase in price due to all of the foreign buyers now. With the weak U.S Dollar, Europeans are snapping up condos which is helping to keep the overall average prices up. I handle soley high-end condominiums and we're seeing foreign buyers by the "boatload" now...thank goodness as they are doing wonders for the NYC economy. Our office is having a record year again for sales...we've already surpassed 2007 numbers as of the middle of August.... more