Buying during political unrest?

If you plan on living in the home for at least 5-years, buy a house, and do it today... Nothing is guaranteed, but the housing mess we just went though, and everything that lined up to build the house of cards is never going to happen again. Interest rates change all the time. Who cares what the rate is. Is the house affordable? You can always refinance if rates drop... Costs are only going up due to government regulations, not down.You need a place to live right? Might as well be your own. I bought my first house on an FHA 30-yr fixed in 1981 and paid 16% interest. Today's rates are a bargain! www.metzlerMortgage.com

the last melt down was not tough to predict at all, it was built on a house of cards that could do nothing but crumble at some point. in this political climate it is hard to say what the future holds, but you can rest assured that if the market takes a turn for the worse, it will not be nearly as severe as the previous meltdown, making it a much safer time to buy.

Unfortunately, no one has a crystal ball, so it's anyone's guess.. in general.. when there is a major political event, there are slight, short term fluctuations in the market.. What happened 5-6 years ago was not political, it was financial, and it was devastating.. going all the way back to Desert Storm, the economy stalled, but recovered within a year.. but even during the down turn, it wasn't that major.. housing values did not fall, they only failed to appreciate in value.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Of course, no one can say what exactly will happen but I would not be concerned about another meltdown like we had in 2008. That had more to do with the financial industry than political events. Since then, many regulations have been put into place to ensure it doesn't happen like that again. The market will always have its ups and downs but I wouldn't let that stop you from buying a home. Although, rates have risen since May, they are still very low and now is still a very good time to buy.

Hi Jesse, find the lender who gave your family member that advice, ask them what to do and then do the opposite. Seriously though, no one can predict world events or news. The best advice is to buy a home when you feel you can comfortably afford one at current prices and rates. Unless you are a real estate investor trying to make money, it's all about finding something you can comfortably live with. And you certainly shouldn't concern yourself with dropping rates, you can likely refinance to the lower rates if they do go down. Best of luck!

Don't pay too much to the headlines, you can overthink this and end up like a "deer in the headlights" -frozen in place for too long. If the time is right for you personally to buy, do it! Rates are only going to go higher and housing prices likely to increase as well. I basically agree with Joe, as long as you have a stable job and expect to stay in the house for 3-5 years the time isn't going to get any better. Yes, rates may dip slightly but probably temporarily if we take action on Syria. Trying to time this decision is like trying to time the stock market- no one can predict what will happen tomorrow. Good luck.

We now enjoy historic low rates. Major unrest, if it comes will only drive rates up. Grab a bargain now.

Political unrest may cause a slight increase in the rates but with the economy not doing so hot rates seem to be in check. No one knows the future.So like Joe said housing prices are rebounding. The longer you wait the more the house will cost you and if rates do come down you can refinance. Historically rates are still at near all time lows. You have to face the music, you cant expect rates to stay at the lowest point for ever. I with First Merchants Bank Mortgage Div in Indianapolis. Call me and lets get you started on the way to home ownership. 317-566-6129

Your real question is should I buy now. The answer is yes rates have been steady to rising even with unrest in Egypt and Syria. Taper Talk continues and the fed is expected to announce reducing it's bond buying next week. All indicators point to higher rates and stabilized home values. BUY NOW call 517-240-3015 and I will share with you some options.

Rates and home prices are going to one of two things. Change or stay the same. Ask your self this.... Is global unrest going to be better or worse for me if I am a renter or a home owner? I'm thinking your land lord has a better likely hood of getting in to trouble if they have an adjustable rate loan and higher taxes that you on a 30 year fixed rate with homestead subsidies. We can lock for up to 90 days if you are worried about the next few weeks or months. http://myinmortgage.wordpress.com/2012/08/07/advantages-of-working-with-a-portfolio-lender/

Buying now is your best bet, especially if you plan on staying in the home long term. Unfortunately, no one can predict exactly what will happen, but if rates get better you can also refinance to a lower rate. However, if rates continues to climb (like they are predicted to do so) you will miss out on today's rates if you continue to wait.