Is there a certain time of year when it is best to apply for a loan?

The answer to this question is similar to "when should I start investing?". The answer is yesterday! Seriously... there is no time of the year other than suggesting to start to talk to a "mortgage professional" anywhere from 4-6 months before you really anticipate the actual move. Does that help?

Actually, there is.. Competition is least fierce during the winter months,, this means that if you are out looking to purchase a home, the inventory is at it's highest levels going into the holiday's.. typically, no one wants to move during the winter, so there are fewer buyers out there,, which is good for you.. Conversely, competition is most fierce during the spring.. For most all retail businesses, the best selling season of the year for big ticket items is from about February to March through May to June.. This is when everything is thawed out, and people are receiving their income tax returns, so there's excess disposable income.. this sparks a peak retail season for big ticket items. Inventory will be at it's lowest levels and there are a lot of people out there looking to buy so, it's typically a sellers market.. So, ideally, if you buy in the winter and sell in the spring.. you will get the best of everything.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Technically, the answer is NO. Buy when it makes sense, and don't hold out trying to catch some mythical up or down. Same with interest rates. There is no better day or time to lock an interest rate.