Low Fixed Interest Rates Can Help Qualified Potential Buyers, Outweigh "Lost Credits"

The cost of money is one of the biggest factors in determining housing affordability. Fixed interest rates are at all time lows for owner occupied housing. The long term affect of these rates can far outweigh over the life of the loan any buyer credit which potential buyers may have "missed" this past summer.

Now more than ever, qualified buyers with great credit scores can leverage their downpayment and good credit histories to secure a piece of the USA. As we move forward in our cyclical economy, Buyers will likely view today's opportunities as a hedge against the inevitable inflation. Rather than rolling downhill with a wheelbarrow full of money for the monthly rent, enterprising, thoughtful homeowners will have expenses fixed in pre-inflationary times and the right of peaceful enjoyment of their own home.

There may come a time when today's mix of low interest rates and reasonable prices for real estate will be mourned as "dirt cheap."

Rather than bemoan the fate of " middle class America, " more of our citizens need to focus on leveraging income and opportunity with an enterprising nature. Otherwise, can 'landed class" and the "tenant class" be far behind?