What do you think is going to happen to interest rates in the next year or two? Most economists agree that interest rates are going to continue to rise. Chris Martorana from Mortgage Network recently sent me a very interesting flyer. . . Does it make sense to wait because housing prices are softening or not? The basic presumption is this - Let’s say you’re looking at a house that would sell for $350,000 today. If the price drops by 10%, but interest rates rise by just 1%, you would only save $9 a month versus buying the house today at the higher price, but with the lower interest rate.

What does it all mean? Just like I always say - make your move when it’s the right time for you and your family.