Home Purchase Loan Phoenix There may be no better time to buy a home than today. When you consider today’s current record-breaking interest rates, buying a home is more affordable than ever. And buyers are paying attention. The National Association of Realtors® has reported gains in new housing sales for a couple of months, with a double-digit growth month-over-month in existing home sales in all areas of the United States except the Northeast. As for new construction, the National Association of Home Builders sees that this demand is not only being fueled by today’s low-interest rates but also a renewed focus on the “importance of home amid the coronavirus pandemic.”NAHB is also reporting an increase in new permits and builder confidence. It seems the unprecedented interest rates have begun to move people out of their own homes to consider new ones. Great for an economy that has seen itself stalled in the wake of a virus. To take advantage of today’s rates, it’s important to take a close snapshot of your current financial situation. The ability to qualify for these rates still hinges on your own financial profile. Lenders will still need to see acceptable credit scores, qualifying loan-to-value ratios, and adequate down-payments to approve borrowers. Desert Springs Mortgage, LLC 2415 E Camelback Rd Suite 700 - Office 772, Phoenix, AZ 85016 (623) 432-1309 Hours: Monday-Friday 8:30am-5pm https://www.google.com/maps?cid=6744959272592205627