All signs point to buy that new home!
If you are in the market for a new home in OKC, there is no better time to buy! McCaleb Homes has many great homes for sale in several of our historically inspired communities. The Federal Reserve rates have also gone down so it is truly the best time to buy.
Since the rates have a history of fluctuating, it is wise to purchase a home now; there is still a good profit in store for the homeowner. The Mortgage Reports Article that is linked below, reports that there is a correlation between the rates rising and that mortgage rates. Although the connection is irregular at times, it still suggest the when it is best to purchase a new home. McCaleb homes has plenty of homes and
many floor plans to choose from for sale in the Edmond, OK area.
According to recent reports, there is a current raise in target funds rates. Inflation rates can take some time to even out according to most economists. According to one CNBC article, the Federal Reserve has approved new rates, and the article makes this reference: "Given the economic outlook, and recognizing the time it takes for policy actions to affect future economic conditions, the committee decided to raise the target range for the federal funds rate to ¼ to ½ percent," the FOMC's post-meeting statement said. "The stance of monetary policy remains accommodative after this increase, thereby supporting further improvements in labor market conditions and a return to 2 percent inflation."
Another article titled “How a Fed Interest Rate Hike Could Affect You” mentions how high rates still benefit the consumer. Higher rates benefit those that save money since there has been a wealth transfer from savers to debtors. The Federal Reserve does forecast a rise in rates so if you are one that has credit you should look into buying immediately. Prices are at an all time low as well as interest rates; these happening at the same time are a rarity in the home markets.
As you can see, now is the time to buy! McCaleb Homes is known for being a family run company that builds homes that meet all criteria for luxury and livability. McCaleb Homes offers beautiful homes at various price points, making them an optimal choice for your family home. You can always visit McCalebHomes.com and view our homes for sale page to see what is available!
Here are the links to the original articles: