If you need assistance, please call 610-784-3279

When Is The Best Time To Buy In 2017?

Wednesday, November 30, 2016   /   by Amy Paradysz

When Is The Best Time To Buy In 2017?

Is 2017 going to be the year you purchase a home? If so, you will want to keep reading. We teamed up with our awesome in-house Mortgage Lender, Diane Malley of Mortgage Master to discuss Interest Rates in 2017. Check out the video below to hear what she has to say, or scroll down for a recap!



On Tuesday it was announced that the Mortgage Insurance Premium for an FHA loan decreased!  Previously the annual MIP (Mortgage Insurance Premium) on FHA loans was 0.85%, but with the new decrease it is now 0.6%! This makes the FHA loan much more attractive!


Let’s put that into perspective: On a $300,000 loan you would save you $72 / month


It is also good to point out that FHA Loans are not just for first time home owners, they’re great for any home owner that will be using the home with the FHA loan as their primary residence.


What should you expect on Interest Rates throughout 2017? An increase.


Currently Interest Rates are 4.125% (FHA Rates 3.75%)
Interest Rates are projected to increase to 4.6% by the end of 2017


This means it is better to purchase a home in early 2017, rather than wait. 


Interest rates are projected to increase in 2017, so lock-in on a rate now to avoid paying more!




HardyGroup_KW-01


When you are ready to list your home, we can help. You will need a team of agents who will prospect daily for potential buyers, advertise your home effectively, show to prospective buyers, negotiate the purchase contract, approve financing, handle all of the marketing from listing to contract and all of the administrative paperwork from contract to close.


The Benjamin Hardy Real Estate Group is your Real Estate Team. Our objective is to sell your home with the least amount of hassle at the highest price possible. By pricing your home accurately, we will position your home to sell dictated by the market. Your home will receive maximum exposure with our extensive marketing plan, including showcasing it to our own database of potential buyers.


610.784.3213 | www.hardyrealestategroup.com |info@hardyrealestategroup.com

Keller Williams Devon-Wayne - Hardy Real Estate Group
744 W. Lancaster Avenue, Suite 125
Wayne, PA 19087
610-784-3279

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams Devon-Wayne - Hardy Real Estate Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2023 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: November 28, 2023 2 PM.
This site powered by CINC: www.cincpro.com