I have to say that all buyers should now be looking at homes. There has never been a better time. Prices have moderated and interest rates are lower than ever! You can get a five-year fixed rate mortgage at 3.85% and the variable rate is 3.25%.
Let's compare numbers. Last years, rate was approximately 5.09%. So if you have a $200,000 mortgage your monthly payment last year would have been $1,173.47 but this year it is only $1,035.84. That is a savings of $137.63 per month. This is a significant amount.
Get out there and start looking. Opportunity knocks!
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