As the refinance boom has come and gone the battlefields of the lenders are starting to calm down. Buyers are getting used to the thought of 6-8% interest rates. What buyers today don't realize is that not too long ago buyers were getting 14-17% interest rates for their home finance rates. Just a word about those rates is that there was a tremendous impact on affordability of homes then. Builders were forced to make anything outside of a basic home an option. To clarify the point, with interest rates where they are and the inventory of homes active on the market today the buyers are able to still find the home they want and have a payment that is affordable.
All in all for all those buyers out there sitting on the fence and waiting for something to happen, don't. Make your decisions on what is real today and by the way what is real is still very very good.
