Buy now or pay later

Entering the housing market can be intimidating, especially for first time home buyers. Buying a home is like falling in love. It happens when you least expect it.

There is never a “right time” to buy a home. Sure, you want to make sure your finances are in order and that you have money saved up but don’t wait long before getting pre-approved. Interest rates are low so now is the time to get pre-approved and to start the process.

Rates dropped under 4 percent this week for the first time in 92 weeks. The 30 year fixed rate went from 4.04 percent to 3.99 percent. That is the lowest rates have been since September 13th, 2017.

The moral of the story is, you need to strike while the iron is hot. Now is the time to get in touch with a lender and start the home buying process. Inventory is steady, especially here in Massachusetts. Even if you are not quite ready to buy, it does not hurt to get pre-approved. You will need to be pre-approved once you are ready to enter the market so you might as well start the process now.

You may think you are not ready to buy but you are. You will never get into that first home or dream home sitting on the sidelines. Get in the game! Contact a trusted realtor, get pre-approved and get on the road to buying the home you want. Interest rates will not be this low forever. Buy now and save money or buy later and spend more.