I was watching some program on the Bloomberg TV channel the other day early in the morning. I forget how I ended up there; wanting to see something that happened in the market, or maybe it was just fate.
But there was this guy on there, some expert about something, who was proclaiming that interest rates were the lowest they had been in 5,000 years. No that is not a misprint. 5,000 years.
Of course the commentators weren’t going to let this guy get away with a proclamation like that, so they began circling like sharks and asking him all sorts of questions trying to find out what he meant and how he could make such a claim. Well, he wasn’t deterred in the least and had obviously done a lot of research on the subject and starting rattling on about the ancient Sumerians, the Romans; even the money changers in Jerusalem from the Bible during the time of Jesus. This guy had really done his homework! He was very convincing, and the Bloomberg people soon accepted the premise totally.
Here is my point. If the lowest interest rates in 5,000 years isn’t the right time to buy a new home, then when is? Think about that for a minute. Seriously, when is the right time, if not now?
Are homes going to ever be less expensive than they are today? No. Are interest rates going to ever be lower? A really big NO! Is qualifying for a home loan ever going to be easier? No. Will you ever be able to buy more home for your money than now? Another really big NO!
Come see what we are doing at John Hunter Home builders. You won’t be disappointed.