Rates are really low again and this recent vote in the UK to leave the EU nick named "Brexit" could keep them down a little longer. Check with your loan officer about rates. Maybe stepping up efforts to find a home sooner rather than later makes sense. Getting a 3.5% 30 year loan will keep you smiling for decades.
Many buyers are frustrated with tight inventory and an inability to find the "perfect house". Perfect only exists in theory, rarely in practice if ever. But having the moon and stars alignment of a 3.5% rate is rare enough that this should prod buyers into getting a house. the fact that prices continue to march ever skyward should also light a fire under the feet of buyers as well.
A house is just concrete, wood, and glass. A home is what we make it. Go out and get a house, then make it your home. Every month when you make that payment at 3.5% you can laugh all the way to the proverbial bank.
All too many buyers miss the opportunity to buy and the window is closing for many buyers whose income isn't climbing as fast as these home prices. There has been a slight improvement in inventory so now could be a golden moment in the home buying decision process.
For those buyers in the Portland Metro Area, this weekend is shaping up to be a gorgeous two days of 80s. That's good houses hunting weather me thinks.