- Who is in the best position right now with our “housing crisis”? People who currently rent and are looking to buy. You can get a steal of a deal on a house, and you can get a great interest rate. If you currently are renting, and are looking to buy in the near future, then start thinking of today as the near future.
- Beware of housing mistakes right now. Yes, prices are low, but that generally means that the house you are in right now has deflated in price as well. Don’t commit to buying a new house unless you have a solid plan for your current house.
- Don’t be afraid to refinance over the next 6 months. Rates are falling, and you can replace a bad loan with a good one. Experts usually want you to refinance if you can reduce your rate by at least 1%. This is a good rule of thumb, but based on your loan, less than 1% can make a difference too.
- Al Gore may not be part of Super Tuesday today, but there were thunderstorms last night that were incredible. Sure, 60 degree weather and thunderstorms on Feb 4th are completely normal…
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.