Is Now Still The Right Time To Buy An Orange County Home?

For the last 12 months the Federal Reserve has been applying a principle to the stock and Real Estate markets called “quantitative easing” and this principle has been positive for the economy as a whole in that it’s caused stocks to soar to new highs but best of all, the Fed’s policy has also produced a very positive effect for the nationwide Real Estate market.

Is Another Housing Bubble Coming?

As home prices have jumped by an average of 8% or more, across the United States, for the last year, Orange County Mortgage Brokers, Realtors and people who are interested in buying an Orange County Home want to know if another housing “bubble’ is around the corner because, current conditions in the Real Estate market are reminding many people of what the housing market looked like in 2007.

What’s Driving The Talk Of Another Housing Bubble?

The main issue driving the fear about another housing bubble, that many OrangeCounty Mortgage brokers and economists across the country have, is that incomes have only grown by just 2% in the last year alone while more and more people are approved for mortgages since mortgage interest rates are still historically low.

If income is only rising at a slow pace, will the average Orange County Home investor or buyer, who is prequalified for a mortgage loan, be able to pay off their mortgage, or will the end up defaulting and causing another wave of defaults across the United States? Only time will tell.

The Big Question – Should You Buy Now?

Regardless of the talk of another housing bubble, the question that potential homebuyers across the United States should have is this: “Should I buy an Orange County Home now?” and the answer to this question is simple: yes.

If a potential homebuyer has a solid debt-to-income ratio and at least 20% saved for a down payment then yes they should buy a home now in Orange County or elsewhere across the United States because.

Even if the homebuyer doesn’t have an excellent credit score, there are still plenty of other mortgage loan options available to them like: HUD, FHA or VA loans if they are in the military, and there’s no reason why someone shouldn’t take advantage of the great market conditions that’s making right now one of the best times to buy a home in the last 40 years.

To get an Orange County Mortgage Loan, contact the team of Orange County Mortgage brokers at Sun Financial Group today by calling us at (949) 699-1950 to get started on the path to home ownership.

Orange County Mortgage Brokers

Thanks to a growing housing market, increased consumer spending and more jobs, the United States has experienced almost 30 straight months of growth but for Orange County Mortgage Brokers, homeowners who plan on refinancing their mortgages or first time homebuyers who plan on applying for mortgage loans, the news isn’t all that great because, mortgage interest rates continue to climb and are now the highest they’ve been in over one year.

Mortgage Industry Statistics

As of today, the average Fixed-Rate for a 30 year mortgage is around 3.63%, this interest rate means that if someone wants to borrow $100,000, they will be expected to pay $800 or more for discounted points.

The jump in mortgage interest rates is now the worst since the late 1990’s and with Mortgage Interest Rates expected to continue going up in the months to come, Orange County Residents are encouraged to act quickly or face the possibility of paying $5,000 or more during the lifetime of their Orange County Mortgage Loan.

What To Look For In An Orange County Mortgage Broker

Thanks to the Internet, any Orange County Resident can find a mortgage broker in just a few minutes but the question that they should ask is: does the mortgage broker have experience?

Orange County Mortgage Brokers are many in today’s world and it pays to check the website, read referrals and inspect a mortgage brokers BBB Profile before choosing someone to help you refinance or buy your first Orange County Home.

To learn more about the mortgage interest rates that you qualify for, contact the experienced team of Orange County Mortgage Brokers at Sun Financial Group today by calling

(949) 699-1950 or by clicking here to schedule a free quote.

Mortgage Interest Rates are only going to go up in Orange County, don’t waste another day debating if you’re going to buy or refinance your home.