As mentioned below interest rates, to remain low through this yr. 2012.
According to a surveyed buyers are out there /activity is up, but pricing remains low, and in some areas/ increasing. When you get pre-approved. Feel free to give me a call. I am very familiar with the Granada Hills areas.
I can gladly assist you with your home buying process.
Appreciate the opportunity to earn your business!
Pinnacle Estate Properties Inc.
24501 Town Center Drive. #104
Valencia Ca 91355
Cell 661 713-8780
1. Interest rates from the Federal Reserve are short term rates and do not apply to 30 year loans.
2. Rates can fluctuate based upon what is happening in other parts of the world such as Greece, Spain, Portugal, and France. Since no one can determine what is going to happen in these variables along with 100 other variables, the best thing for you to do is lock your rate on a dip.
3. Regarding prices...that depends on your price range. Right now, million dollar homes are still declining at a good pace while low end homes around 200k are having a good amount of upward pressure due to supply and demand.
Call me in 3 months and I'll give you another update at no charge.
Although you can't be 100% certain. The Feds are expecting the interest rates to remain the same through 2014. Prices are more unpredictable. We don't expect to see a huge bump in prices. However, there have been reports modest increases compared to the last calendar year. It is my opinion that you should be fine in 4 months from now.