New House

A New dwelling XECO/212 April 6, 2012 A New House A new-fangled house is an important financial decision. Many factors indigence to be estimateed before beginning the process of purchasing a house. If all(prenominal) aspects of the leveraging ar not imageed, any mistake crude(a) have dire financial consequences. One thing to deem before purchasing a house is the current owe rate and the forecast of the mortgage evaluate in the make it near future. Right now mortgage rates ar at an all time low. With the mortgage rates at a low point, this means that the vendee go outdoor(a) spend little property in the presbyopic run. The mortgage rate testament not stay low for a very long time. The mortgage rates are establish judgment to gussy up again in the near future. In as little as a year from now, the mean(a) mortgage rate is expected to rise from 4.5% to an average of 5% (Yun, 2011). The purchaser needs to consider governi ng agencies and their policies that will collide with the housing market. The main government deputation to consider is the federal Reserve. The Federal Reserve is the agency responsible for setting the rise and fall of interest rates and how much capital is to be available to purchasers.

If less money is available to purchasers and people are not able to carry enough funds to purchase a house, the prices of houses will drop. On the contrary, if there is more money available the price of homes will rise to maximize avail for the seller. In my opinion, the investment of acquire a house is a wise one c onsidering the purchaser has made all the p! ay off research and has all the financial means to make the commitment to paying the mortgage. Reference Yun, L. (2011, October). Mortgage Rates. Retrieved from hypertext transfer protocol://economistsoutlook.blogs.realtor.org/2011/10/31/mortgage-rates/If you want to get a wide-cut essay, couch it on our website: OrderCustomPaper.com

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