11 Reasons to Get a Mortgage Right Now

11 Reasons to Get a Mortgage Right Now

The economy finally seems to be moving steadily in a positive direction, and real estate is a large driver of that momentum. Current market conditions — low mortgage rates, stabilized or increasing home prices and the spring home buying season — favor a stronger housing sector than we’ve seen since the recession began.

Before too long, however, we may no longer have the extraordinary supports for the mortgage market that exist now. Mortgage rates may rise, and the housing supply will dwindle, which will ratchet up prices.

But that’s tomorrow’s market, not today’s. For the moment, we still have fantastic interest rates plus a well-functioning mortgage market, thanks to Fannie Mae, Freddie Mac and the Federal Housing Administration. We should enjoy the “good old days” while they last. Here are 11 reasons that borrowers should act now.



  • Mortgage rates will rise
  • Federal Reserve supports will end
  • Home prices are increasing
  • Home sales are increasing
  • FHA increasing costs
  • HARP 2.0 will expire (Home Affordable Refinance Program)
  • Rising rents
  • Mortgage-interest deduction
  • Increased affordability
  • Delinquencies have begun to wane
  • Desirability is back

To read the full article by Tim Manni of HSH.com


Now is a great time to buy or refinance!
To set up a consultation, contact us today!



Related posts

Hottest Philadelphia neighborhoods: Passyunk Square

South Philadelphia’s Passyunk Square is quickly becoming one of the hottest neighborhoods in...

Continue reading

Summertime at the Schuylkill

A summer hotspot in the Philadelphia community, the Schuylkill River Banks is an escape from the...

Continue reading

Old City’s Hidden Mosaic Gem

On the corner of 6th and Walnut, the Curtis Center lobby is home to an intricate 15 by 49 foot...

Continue reading