Sometimes in life timing is awful. Each time I hear about mortgage rates I get the feeling that the timing of these low rates is just not right for a lot of people.
Arizona Central is reporting the rate on a 30 year fixed rate mortgage recently fell to 4.01%.
That is low. Seriously low. The problem is how many people are able to take advantage of it?
People want to refinance existing loans but can’t because their loan to value is out of whack.
And among new buyers confidence to get into the market so they can take advantage of the rates is low. According to some people seriously low.
Often people will ask the question: Is now a good time to buy? That question is a tough one to answer. But there’s an alternate, and that is: Is now is a good time to borrow?