Call or Text Linda:

(858) 361-5561

Call or Text Linda: (858) 361-5561


Should You Buy Now or Wait to Buy a Home?


Mortgage rates have stayed relatively stable since the Federal Reserve decided to decrease its bond purchasing in December. The bond purchasing program was the government’s way of keeping mortgage interest rates artificially low to drive up the real estate housing market. Now that they have tapered this program, interest rates are likely to go up throughout 2014.

Most analysts agree that mortgage interest rates will start to go up. By this time next year, the rates could possibly reach a full percentage point higher than the rates are currently.  Freddie Mac, Fannie Mae, The Mortgage Bankers’ Association and the National Association of Realtors have all recently projected rates to be between 5-5.4% at this time next year.


If you are thinking about buying a home for the first time or are looking to move up, the time is now. The cost of the mortgage on your new home will most likely increase as we go through 2014. Buying sooner rather than later ensures you lock down a mortgage rate now. Lower mortgage rates translates into major savings over the long term. Don’t wait! The time to buy is now!

Thinking of buying or selling a home in the La Jolla area? As consistent Top Producers in real estate, Linda Daniels and The Daniels Group are your La Jolla housing specialists. Working with The Daniels Group will give you with the advantage of having local experts to ensure that you have a successful real estate transaction. From buying, selling and investing to financing options and more, we have the expertise and resources to help you achieve your goals. Call us today at (858) 361-5561 or email us anytime by clicking here.