Put yourself in their combat boots: You bought a home during the housing boom only to be forced to sell it during the housing bust due to a base transfer or deployment to a combat zone. It wasn’t your call but you’ll be saddled for years with the financial loss, and possibly the collateral damage
Mortgage interest rates rose again this week in Bankrate’s weekly survey, creating a dilemma for homebuyers: Act now to avoid the risk that rates might rise further or wait and hope that prices will drop more. Either way, it’s not an easy choice. Mortgage and realty brokers tend to emphasize the risk of rates rising.