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when is the best time to buy?

Do mortgage rates change seasonally? Is there a time of year (season) that rates are better than others? Or better time to buy in general. Rates seem to be very flaky and home prices here in CA are so high! It seems like there will never be a good time (buy low) to purchase now! maybe if you got in between 2009-2014. by joehall40 from Bellflower, California. Jan 4th 2019 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,908 contributions

My opinion? The best time to buy is when you need to. But generally speaking, the lowest prices of the year are Nov, Dec, Jan. While the highest prices are April, May, and June. There are a lot more homes on the market in the spring, and a lot more competition for those homes. Resulting in multiple offers, and going over asking price. November to January, there are less homes on the market, and less people looking (primarily because of the holidays), resulting in an ability to win more offers without competition and without going above asking price. I lend in MN, WI, and SD, and can be reached at iMortgageJoe.com. NMLS274132

Jan 7th 2019
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Michele Bledsoe (MicheleBledsoe)
#108 ranked lender in Georgia - 17 contributions

Hi Joe! Rates fluctuate with the market, right now, they are pretty good compared to a few weeks ago. The home prices are increasing rapidly, and in CA you see the highest priced market. My suggestion, if you are wanting to buy and you can, NOW is a great time! The sellers in the winter are generally more willing to negotiate, but since you are in CA, weather isn't really a factor like in states that have harsh winters. Good luck!

Jan 7th 2019
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,683 contributions

As Joe said, the best time to buy is when you need a home.. As far as interest rates goes.. rates are not seasonal.. rates follow the financial markets.. as they go up and down, so do rates.. there really is no "Season" where rates are better certain times of the year compared to others.. but homes sales are absolutely seasonal. The best time to buy would be just before the holidays up to about February.. This is when most people are locked down for the winter and don't wont to move during the holidays or during cold weather.. however, things light up around spring time.. this is the time when home sales are the highest.. and most competitive.. This is true for most retail sales for larger ticket items including homes, cars, appliances and furniture.. It's warming up.. and people start getting their tax refunds which is used for down payment funds.. If you want to avoid having to submit an offer on a home where there might be multiple offers, you should get out there now and start shopping.. once spring hits, you will have to fight the masses.. Let me know if I can help.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Jan 8th 2019
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