May 19, 2024
Mortgage

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates | Ap


LOS ANGELES — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season.

Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make a big difference, especially for first-time homebuyers who often struggle to find an affordable home.


This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

kAmw@H6G6C[ E96C6’D 2 A@E6?E:2= 5@H?D:56 E@ H2:E:?8] {@H6C C2E6D 42? 2EEC24E >@C6 AC@DA64E:G6 9@>63FJ6CD[ 962E:?8 FA E96 >2C<6E 2?5 5C:G:?8 FA AC:46D]k^Am

kAmp4E:?8 ?@H H@F=5 =:<6=J D255=6 2 3FJ6C H:E9 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^>@CE8286\C2E6D\9@FD:?8\:?E6C6DE\7:?2?4:?8\9@>6\=@2?\h33_2`bc_`6534db4f3f`b37hcc7a7a5Qm2 C2E6 @7 2C@F?5 e]hT @? 2 b_\J62C >@CE8286k^2m] x? =2E6 ~4E@36C[ E96 C2E6 DFC865 E@ 2 ab\J62C 9:89 @7 ?62C=J gT[ 244@C5:?8 E@ >@CE8286 3FJ6C uC655:6 |24] t4@?@>:DED 86?6C2==J 6IA64E E96 2G6C286 C2E6 @? 2 b_\J62C >@CE8286 E@ 564=:?6 =2E6C 😕 E96 J62C]k^Am

kAmU=5BF@jx7 >@CE8286 C2E6D 5@ 😕 724E 5C@A 2D 6IA64E65[ x H@F=5 6IA64E E96C6 E@ 36 >@C6 4@>A6E:E:@? 7C@> :?4C62D65 56>2?5[ D@ E92EUCDBF@jD @?6 C62D@? E@ A@E6?E:2==J 24E ?@H[UC5BF@j D2:5 s2?:6==6 w2=6[ 49:67 64@?@>:DE 2E k2 9C67lQ9EEAi^^#62=E@C]4@>Qm#62=E@C]4@>k^2m] U=5BF@jp?5 E96? E9@D6 3FJ6CD[ :7 >@CE8286 C2E6D 5@ 72==[ H@F=5 AC6DF>23=J 92G6 2? @AA@CEF?:EJ E@ C67:?2?46]UC5BF@jk^Am

kAmv282? w6856[ 2 D@7EH2C6 6?8:?66C 😕 sFC92>[ }@CE9 r2C@=:?2[ 😀 =62?:?8 E@H2C5 E96 AC@24E:G6 2AAC@249 2D 96 =@@<D E@ 3FJ 9:D 7:CDE 9@>6]k^Am

kAmw6856[ ah[ H@CC:6D E92E 56=2J:?8 9:D D62C49 H@F=5 6G6?EF2==J AFE 9:> FA 282:?DE @E96CD 2=D@ =@@<:?8 7@C =@H6C C2E6D 😕 2 >2C<6E E92E’D 2=C625J A=6?EJ 4@>A6E:E:G6]k^Am

kAmyFDE C646?E=J[ 96 >2E4965 E96 Scd_[___ =:DE AC:46 @? 2 E@H?9@>6[ 3FE 2?@E96C 3FJ6C @776C65 >@C6 E92? H92E E96 D6==6C H2D 2D<:?8]k^Am

kAm#2E96C E92? 5H6== E@@ >F49 @? >@CE8286 C2E6D[ 96’D ?@H 7@4FD:?8 @? 7:?5:?8 2 E9C66\365C@@>[ E9C66\32E9 9@>6 96 42? 277@C5] ~?46 C2E6D 72==[ 96’== =@@< E@ C67:?2?46]k^Am

kAm“x’> ;FDE 4@>A=6E6=J 36:?8 28?@DE:4 E@ E96 7:?2?4:?8 AC:46D 3642FD6 x E9:?< :7 J@F DE2CE A2J:?8 E@@ >F49 2EE6?E:@? E@ :E[ E96C6’D ?@ 4=62C 2?DH6C[” 96 D2:5]k^Am

kAm%96 C@4<\3@EE@> >@CE8286 C2E6D E92E 7F6=65 2 3FJ:?8 7C6?KJ 😕 a_a` 2?5 62C=J a_aa 2C6 =@?8 8@?6] (9:=6 2? 2G6C286 C2E6 @? 2 b_\J62C 9@>6 =@2? @7 ;FDE F?56C fT 😀 ?@E 72C 7C@> E96 9:DE@C:42= 2G6C286[ E92E’D =:EE=6 4@?D@=2E:@? E@ 9@>63FJ6CD H9@[ AC:@C E@ E96 =2DE 4@FA=6 @7 J62CD[ 925?’E D66? 2G6C286 C2E6D E9:D 9:89 8@:?8 324< ?62C=J EH@ 564256D]k^Am

kAmr@>3:?65 H:E9 2 ?62C=J ccT :?4C62D6 😕 E96 ?2E:@?2= >65:2? D2=6 AC:46 @7 AC6G:@FD=J @44FA:65 9@>6D 36EH66? a_`h 2?5 a_ab[ 6=6G2E65 >@CE8286 C2E6D 92G6 >256 3FJ:?8 2 9@>6 =6DD 277@C523=6 7@C >2?J p>6C:42?D]k^Am

kAmp C646?E 2?2=JD:D 3J #657:? 7@F?5 E92E E96 EJA:42= &]$] 9@FD69@=5 62C?D 23@FE Sb_[___ =6DD E92? E96 S“b[da_ 2 J62C :E ?665D E@ 277@C5 2 >65:2?\AC:465 &]$] 9@>6[ H9:49 E96 4@>A2?J 6DE:>2E65 H2D Sc`a[ffg 😕 u63CF2CJ] #657:? 567:?6D 2 9@>6 2D 277@C523=6 :7 E96 3FJ6C DA6?5D ?@ >@C6 E92? b_T @7 E96:C :?4@>6 @? E96:C >@?E9=J 9@FD:?8 A2J>6?E] %96 2?2=JD:D 724E@C65 😕 2 `dT 5@H? A2J>6?E 2?5 E96 2G6C286 C2E6 @? 2 b_\J62C =@2? 😕 u63CF2CJ[ H9:49 H2D 2C@F?5 e]gT]k^Am

kAm{@H6C >@CE8286 C2E6D H@F=5 3@@DE 9@>63FJ6CD’ AFC492D:?8 A@H6C] u:?2?4:?8 2 Sc__[___ 9@>6 H:E9 2 b_\J62C >@CE8286 H:E9 2 7:I65 C2E6 2E =2DE H66<’D 2G6C286 @7 e]gaT H@C<D @FE E@ 23@FE Sa`d >@C6 2 >@?E9 E92? :7 E96 C2E6 H2D 2E eT[ 7@C 6I2>A=6] |@?E9=J A2J>6?ED @? E96 D2>6 =@2? EH@ J62CD 28@[ H96? E96 >@CE8286 C2E6 2G6C2865 c]faT[ H@F=5 36 Sdbc =6DD]k^Am

kAm|2?J 64@?@>:DED 6IA64E E92E >@CE8286 C2E6D H:== 62D6 E9:D J62C[ 3FE ?@E 367@C6 :?7=2E:@? 92D 4@@=65 6?@F89 7@C E96 u656C2= #6D6CG6 E@ 368:? =@H6C:?8 :ED D9@CE\E6C> :?E6C6DE C2E6]k^Am

kAm%96 u65 92D :?5:42E65 :E 6IA64ED E@ 4FE C2E6D E9:D J62C @?46 :E D66D >@C6 6G:56?46 E92E :?7=2E:@? 😀 D=@H:?8 7C@> :ED 4FCC6?E =6G6= 23@G6 bT] w@H E96 3@?5 >2C<6E C624ED E@ E96 u65’D :?E6C6DE C2E6 A@=:4J[ 2D H6== 2D @E96C 724E@CD 42? :?7=F6?46 >@CE8286 C2E6D] rFCC6?E :?5:42E:@?D 2C6 >@CE8286 C2E6D H:== C6>2:? 9:896C 7@C 2 H9:=6 =@?86C]k^Am

kAmu@C ?@H[ E96 F?46CE2:?EJ 😕 E96 EC2;64E@CJ @7 >@CE8286 C2E6D 😀 H@C<:?8 😕 72G@C @7 9@>6 D9@AA6CD =:<6 $96=3J #@8@K9?:<@G 2?5 96C 9FD32?5[ p?E@?]k^Am

kAm%96 4@FA=6 @H?D 2 E@H?9@>6 😕 s2==2D 2?5 H2?E >@C6 DA246 ?@H E92E E96J’C6 A=2??:?8 @? 92G:?8 E96:C 7:CDE 49:=5] %96J’C6 =@@<:?8 7@C 2 9@FD6 H:E9 2E =62DE E9C66 365C@@>D E92E’D AC:465 H:E9:? E96:C 3F586E @7 2C@F?5 Sb__[___]k^Am

kAm%96J’C6 ?@E 766=:?8 2?J FC86?4J[ 3FE E96J 2C6 6286C E@ 2G@:5 2 DFC86 😕 4@>A6E:E:@? D9@F=5 >@CE8286 C2E6D 564=:?6 😕 E96 4@>:?8 >@?E9D]k^Am

kAm“x <?@H :?E6C6DE C2E6D H:== 8@ 5@H? 6G6?EF2==J[ 3FE x 766= =:<6 H96? E96J 8@ 5@H? 9@FD:?8 AC:46D >:89E 8@ 324< FA 282:?[” D2:5 $96=3J #@8@K9?:<@G[ bg] 2 56?E2= 9J8:6?:DE] “x 92G6 E96 >@CE8286 C2E6 E9:?8 E@ H@CCJ 23@FE 2?5 >J 3:@=@8:42= 4=@4<[ H9:49 92D =6DD E:>6 @? :E E92? E96 >@CE8286 C2E6D[ D@ :E’D ?@H @C ?6G6C]”k^Am

kAm#62= 6DE2E6 286?ED 7C@> {@D p?86=6D E@ }6H *@C< D2J 3:55:?8 H2CD 2C6 DE:== 92AA6?:?8[ E9@F89 ?@E 2D @7E6? 2D 😕 C646?E J62CD 😕 D@>6 A=246D]k^Am

kAm“~G6C2==[ E96 3:55:?8 H2CD 2C6 ?@E ?62C=J 2D 6IEC6>6 2D E96J H6C6 😕 >2C<6ED’ A2DE[” D2:5 %@?J $AC2EE[ 2? 286?E H:E9 r6?EFCJ a` #62= tDE2E6 yF586 u:E6 r@][ 😕 E96 s2==2D\u@CE (@CE9 2C62] “(6’C6 DE:== 😕 2 D6==6CD’ >2C<6E[ 3FE :E’D >F49 >@C6 >:=5 E92? :E H2D]”k^Am

kAmw@>6 D9@AA6CD 2=D@ 92G6 >@C6 AC@A6CE:6D E@ 49@@D6 7C@> E9:D DAC:?8 E92? 2 J62C 28@] p4E:G6 =:DE:?8D U>52D9j 2 E2==J E92E 6?4@>A2DD6D 2== E96 9@>6D @? E96 >2C<6E 3FE 6I4=F56D E9@D6 A6?5:?8 2 7:?2=:K65 D2=6 U>52D9j 92G6 6I466565 AC:@C\J62C =6G6=D 7@C 7:G6 DEC2:89E >@?E9D[ 244@C5:?8 E@ k2 9C67lQ9EEAi^^#62=E@C]4@>Qm#62=E@C]4@>k^2m] %96J ;F>A65 ?62C=J acT 😕 |2C49 7C@> 2 J62C 62C=:6C[ E9@F89 E96J H6C6 5@H? ?62C=J bgT 4@>A2C65 E@ |2C49 a_`h]k^Am

kAm%96 DE:==\C6=2E:G6=J E:89E :?G6?E@CJ 😀 96=A:?8 8:G6 D6==6CD E96 6586 😕 >2?J >2C<6ED 2C@F?5 E96 4@F?ECJ[ 3FE ?@E 2==]k^Am

kAmx? #2=6:89[ }@CE9 r2C@=:?2[ 9@>6 =:DE:?8D 2C6 E2<:?8 =@?86C E@ D6==[ 2?5 E92E’D >256 D6==6CD >@C6 7=6I:3=6 @? AC:46 @C H:E9 96=A:?8 4@G6C C6A2:C 4@DED[ D2:5 y@C52? w2>>@?5[ 2 #657:? 286?E]k^Am

kAm“q67@C6 H6 D2H D6==6CD 4@F=5 C62==J 5@ H92E E96J H2?E65[” D96 D2:5] “%96J 5:5?’E 92G6 E@ 4@?EC:3FE6 2E 2== E@ E96 3FJ6C’D AFC492D6] p?5 ?@H E92E’D <:?5 @7 7=:AA65] x’> D66:?8 >@C6 3FJ6CD AFD9:?8 D6==6CD]”k^Am

kAm$E:==[ E96 E9:? :?G6?E@CJ @7 AC@A6CE:6D @? E96 >2C<6E >62?D 9@>6 D9@AA6CD H9@ 42? 7:?5 2 AC@A6CEJ 7@C D2=6 😕 E96:C AC:46 C2?86 >2J H2?E E@ AFE 😕 2? @776C C2E96C E92? H2:E[ 3642FD6 E96C6’D ?@ 8F2C2?E66 2 36EE6C @AE:@? H:== 4@>6 2=@?8 C:89E 2H2J]k^Am

kAm%9@D6 D9@AA:?8 😕 2C62D H96C6 ?6H\9@>6 4@?DECF4E:@? 😀 >@C6 AC6G2=6?E >2J 92G6 36EE6C =F4< E9:D DAC:?8]k^Am

kAmx? C6DA@?D6 E@ 9:896C >@CE8286 C2E6D[ >@C6 E92? @?6\E9:C5 @7 3F:=56CD 4FE 9@>6 AC:46D 😕 a_ab] |2?J 2=D@ @776C65 3FJ6CD :?46?E:G6D =:<6 >@CE8286 C2E6 3FJ5@H?D 2?5 36=@H >2C<6E\C2E6 7:?2?4:?8]k^Am

kAmqF:=56CD 2=D@ DE6AA65 FA 4@?DECF4E:@? @7 D>2==6C[ =6DD 6IA6?D:G6 9@>6D[ H9:49 96=AD 6IA=2:? H9J E96 >65:2? D2=6 AC:46 @7 2 ?6H &]$] 9@>6 76== ?62C=J gT 😕 u63CF2CJ 7C@> 2 J62C 62C=:6C E@ Sc__[d__] %92E’D E96 =@H6DE =6G6= D:?46 yF?6 a_a`]k^Am

kAmw@>6 D9@AA6CD 2?5 D6==6CD H9@ H2:E F?E:= DF>>6C E@ E6DE E96 >2C<6E H:== 2=D@ 92G6 E@ 724E@C 😕 9@H E96J >2J 36 27764E65 3J AC@A@D65 492?86D E@ A@=:4:6D 2C@F?5 C62= 6DE2E6 286?E 4@>>:DD:@?D]k^Am

kAm{2DE >@?E9[ E96 }2E:@?2= pDD@4:2E:@? @7 #62=E@CD 28C665 E@ >2<6 A@=:4J 492?86D k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^?2E:@?2=\2DD@4:2E:@?\@7\C62=E@CD\286?E\4@>>:DD:@?D\=2HDF:ED\5ea2ee43g_ebh36b4c4b3cah_db2aa4dQm:? @C56C E@ D6EE=6 7656C2= =2HDF:EDk^2m E92E 4=2:>65 E96 EC256 2DD@4:2E:@? 2?5 D6G6C2= @7 E96 4@F?ECJ’D 3:886DE C62= 6DE2E6 3C@<6C286D 6?82865 😕 3FD:?6DD AC24E:46D E92E 7@C465 9@>6@H?6CD E@ A2J 2CE:7:4:2==J :?7=2E65 4@>>:DD:@?D H96? E96J D@=5 E96:C 9@>6]k^Am

kAmk2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^C62=\6DE2E6\286?E\4@>>:DD:@?D\9@>6\D2=6D\?2C\_bfh6eade332a624ge`gc65fbgfg7f3eQm%96 A@=:4J 492?86D[k^2m H9:49 2C6 D6E E@ 8@ :?E@ 67764E 😕 yF=J[ 4@F=5 =625 E@ 9@>6 D6==6CD A2J:?8 =@H6C 4@>>:DD:@?D 7@C E96:C 286?E’D D6CG:46D] qFJ6CD[ 😕 EFC?[ >2J 92G6 E@ D9@F=56C >@C6 FA7C@?E 4@DED H96? E96J 9:C6 2? 286?E]k^Am



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *