Despite the downgrading of America’s credit rating, there is cause for gay and lesbian home buyers to feel somewhat optimistic. That’s because LGBT buyers now have an even better chance of securing an extremely cheap mortgage to buy a home at price levels that are highly affordable. They also have the unprecedented advantage of knowing where prevailing interest rates are headed over the next 18 months, which can help them lock in a bargain mortgage rate with keen foresight.
The Silver Lining for LGBT Home Buyers
Mortgage rates had already been super low in recent weeks. But as ironic as it may seem, the recent USA credit downgrade has put additional downward pressure on mortgage rateswhich will offer LGBT buyers even lower monthly house payments. Meanwhile the median price of residential properties has been tantalizingly affordable for many months.
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