Become a home owner NOW! Don't wait for better rates!

Become a new home owner NOW! Don't wait any longer .... just read and decide for yourself. Lots of buyers or wannabe buyers are waiting on the sidelines for the rates to fall even more. Did they hit bottom yet? Should I wait? Or should I act? People are waiting .... scared, second guessing, afraid to make a mistake of throwing their money away or missing on BIG SAVINGS opportunity on forclosures, bargain houses, better rates etc.

What do you think about rates? Will they fall or will they rise? No one has that proverbial crystal ball to see what the future will bring - neither bankers nor speculators.

This is a fact: the mortgage rates are at the record low and have been for some time. Mass media provide us with grim perspective of real estate market on the daily basis. Urrggghhhh! All of this scare is measured with the same stick, so to speak, and we all know you cannot apply same criteria to the whole nation. Real estate is very local. Economic circumstances, house prices, cost of living etc differs greatly from region to region.

Here in Oklahoma we have a very strong economy and very stable housing market. Just recently Forbes magazine named Oklahoma City America's No.1 Recession Proof city with San Antonio right behind and many other cities. These are prevaling reasons for consumers to mobilize and invest in homeownership now without doubts.

When the market turns, today's bargains will be yesterday's missed opportunities. Any money saved on paying less for a house in a few months time will be offset by higher inerest rates making "playing the waiting game" a waste of time and very little fun.

The table below demonstrates how even as home prices may drop, monthly mortgage payments basically stay the same; due to increased interest rates:

Scenario1:

Prices decrease by 5% and interest rates increase by 0.5%

Scenario2:

Prices decrease by 10% and interest rates increase by 1.0%

Today	Scenario 1	Scenario 2
Home Price $218,900	Home Price: -5% $207,955	Home Price: -10% $197,010
Interest Rates 6.04%	Interest Rates: +0.5% 6.54%	Interest Rates: +1.0% 7.04%
Monthly Payment $1,054	Monthly Payment $1,056	Monthly Payment $1,053

Table: Kadlec, Dan. "Ignore the Headlines!" Time 25 February 2008

I think these two scenarios speak for themselves - you can wait for the possibility that the housing market might drop as much as ten % and interest rate will rise 1% and you have saved a grand total of $1.00 per month or $360.00 of the life of a 30 year loan..

Are you really willing to take this gamble when you could be ENJOYING YOUR NEW HOME NOW!?

Are you ready to become a new home owner? VISIT ME AT www.BestOklahomaHomes.com