Why buy your new home before 2014? New lending rules, rising interest rates could mean fewer options.
Experts in the lending industry believe that 2014 will be a type of test market with the Federal Reserve expected to taper off the purchase of mortgage securities. Changes in home mortgages are predicted to include higher rates and new rules that will greatly affect the process of getting a mortgage. With this in mind, Domain Homes is advising buyers to consider buying their new home before 2014 hits. We have several new homes in Tampa and new homes in Pinellas to choose from right now.
Mortgage rates are already up 1 to 2% over last year, but it’s still possible to secure a 30-year, fixed rate mortgage at 4.5% according to Domain’s preferred lender, Wells Fargo. New lending rules expected to hit in 2014 could make it more difficult to qualify for a home loan.
One of the best reasons to buy your new home before 2014 is that lower sales during the holidays means you have more inventory to choose from. We encourage you to check out our available new homes in Tampa and new homes in Pinellas at DomainHomes.com.
Domain Homes is building value from the ground up in our new homes in Tampa and new homes in Pinellas County.
Stop by the Domain Headquarters in South Tampa at 5701 South MacDill Avenue to learn more about our unique approach to home building. For more information, check out our website domainhomes.com and be sure to “Like” us on Facebook. Call 813-413-4154 for a list of homes that will be available in the next 90 days.