mortgage rates

We waited around for awhile thinking it was an iffy time to jump into the market and finally came to the realization that if you are looking for a place to live in for the next 3-5 years, it does not make sense to keep pushing it off. Rates are still way below historical averages and it does not make a huge difference if you are paying 1.0%+ percent more than a year ago. Call any mortgage broker listed on Corcoran, Douglas Elliman, etc. to get some quotes. We used Lending Tree in the past and actually were matched up with a good bank through them. Don't be afraid to shop around for rates and then ask other banks to beat the rates you are quoted. Godd luck.

Mortage rates are transitory. Far more important is the price you pay for the property. If rates go down you can refinance. If rates go up you are locked in. If you buy at the right price you should be indifferent to rates. If you buy at the wrong price, having a good interest rate won't matter much when you go to resell.