Granite Ridge - Fort Wayne Home Builder

The weather is cold buying housing is getting warm.  Rates are low – 5.04%, but Not for long!  DID YOU KNOW – one quarter percentage point change in mortgage interest rate equals $6,000 change on a mortgage.  Also housing affordability is HIGH!  The national price to income ratio in 1991 – 2001 was 3.2, mid 2000’s was 4.7 and today it is 3.1 – That’s very low and it might be a time to consider buying a new home.  News Flash – Obama urges banks to get lending (Sci. USA Today Article 12/29.  Credit Scores of 600 can still get a loan!  Prediction – rates will be 6% by summer – YICK!  Granite Ridge Philosophy – Accent the Challenge!