Calculating your readiness to buy a house involves a lot of different factors. Among them, though, financial considerations and affordability are usually near the top of the list. Things like home prices, your income, job security, and mortgage rates will be a big determiner of whether or not you feel like now's the time to buy. Fortunately, prospective home buyers currently calculating their readiness will find that, in most cases, conditions are improving. For example, Freddie Mac's most recent Primary Mortgage Market Survey shows that mortgage rates have moderated after rising in April. Sam Khater, Freddie Mac's chief economist, says combined with a strong job market and modest wage growth, this is good news for potential home buyers. “Investors wary of the current economic situation due to ongoing trade disputes resorted to the bond market, causing the 10-year treasury yield to decrease,” Khater said. “A combination of low mortgage rates, a strong job market, and modest wage growth should spur home buyer interest and also serve as an incentive for homeowners looking to refinance this spring.” Buyers in Eastern, NC, are seeing a home market with a good inventory of homes and good home pricing. This area has a strong job market making home buying much easier for a lot of people. To see some of the homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin
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