Where are Mortgage Interest Rates Headed?

Many Columbia South Carolina home buyers struggle with deciding when it is the best time to buy their new home. Let’s face it buying a home is a major commitment. There are many things to consider, Length of stay. How long are you planning on living in Columbia? The type of home, Do you plan on increasing your family size in the next few years? Then there is the mortgage, what factors do you have to consider. Interest rates and home prices have a major effect on how much house you can afford. With interest rates rising everyday and projected to increase steadily throughout the rest of the year. South Carolina home prices along with the rest of the country are on the rise. home prices are predicted to be 5.3% higher by the end of the year. If your Columbia SC dream home is out there now is the time to buy.