Mortgage Broker Suggests Shifting Focus from Rates to Negotiating Power

Armen Hareyan's picture
Today's Mortgage Rates and Buyers

When do home buyers and sellers have more negotiating power? One mortgage loan broker from Phoenix, Arizona says buyers shouldn't be so worried about today's mortgage rates, but instead focus on when they have more negotiating power.

While today's mortgage rates are at historical low levels on mortgage professionals like Jeff Jensen suggest the home buyers to lock in today's low mortgage loan rates, Jeremy Schachter from Arzona has this advice for Huliq.com readers.

Even though mortgage interest rates slightly increased recently, they are still at very low levels historically. I am actually surprised they are still this low. Eventually rates do rise and it is a cyclically cycle. Personally a buyer shouldn't be so worried about interest rates as much as finding the perfect home for their budget. Rates go up and down daily.

There are many loan programs that offer low down payments for buyers.

Coming into the holiday season, might be a great advantage to buyers. Typically it slows down during this time which means possibly having more negotiation power with sellers. In turn more concessions for closing costs or reduction in sales price due to the slower time of year.

Jeremy David Schachter
Pinnacle Capital Mortgage
Branch Manager MLO #148435
5229 N 7th Ave Ste 108 Phoenix AZ 85013
O: 602.265.5626 C: 480.703.8088

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