How Interest Rates Affect Your Home Buying Decision

Save money when you buy a home.If you’ve been waiting for the right time to buy a home, now is that time. This is, without a doubt the most affordable time to purchase real estate of any type, and the easiest time for a first time home buyer to get their piece of the American Dream.

Why is that? Put simply, it’s the interest rates. Nobody really has the money to pay cash for a home. Even wealthy buyers finance their real estate. Why? Because it’s actually cheaper in the long run.

Let’s go back a few decades and look at the interest rates in the early 1980’s. In October of 1981 mortgage interest rates for well qualified buyers in a 30-year mortgage hit a high of 18.45%. In the 32 years since then they have fallen to lows hovering just around 3.5% for a 30-year loan for well qualified buyers according to information provided by Freddie Mac.

The amount of money you can save with these historically low interest rates will astound you. It’s quite feasible to have a mortgage payment that is hundreds less than you currently pay in rent. Just imagine owning your own home on an estate-sized lot for less than the cost of a small apartment.

You can do it and we can help.

We mentioned earlier that even the wealthy finance their homes. Why? Because with interest rates this low, their money can better serve them when it is invested in other places. The financial advantages of home ownership is something that you too can enjoy, and there is quite possibly no time better than right now.

The fact is, the future is unpredictable. Interest rates can rise at any time, and you don’t want to look back and find this opportunity passed by.

YOU CAN’T AFFORD TO WAIT!

If interest rates rise from these historic lows, you could find yourself paying hundreds more every month, and those hundreds quickly add up to thousands! You owe it to yourself and your family to take advantage of this unique economic situation and buy the home of your dreams.

Are you ready?

Are you ready to own your own piece of the American Dream? Are you ready to own a home of your own? You can do it, and we can help.


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