Alberto Pacheco

With low home prices and ultra-low interest rates, the housing market is offering "perhaps the best deals of a generation," notes a recent article by Bloomberg Businessweek.

Since the housing boom of 2006, home prices have fallen about 31 percent. Also, mortgage rates have been hovering at record lows for the past few weeks (4 percent range or even lower on 30-year fixed-rate mortgages, according to Freddie Mac's mortgage market survey).

"It's hard to see the possibility of losing on a home purchase right now, with these mortgage rates," says economist Dean Baker. "Prices may go lower, but not by much."

The article notes the following scenario: Buying a $300,000 home with a 4 percent mortgage rate and a 20 percent down payment would mean a $1,145 monthly payment. The Mortgage Bankers Association recently predicted that home prices may fall another 3.5 percent by mid-2012 but mortgage rates will increase by a half-point. So for that same loan under that scenario, a home would sell for $289,000 while the monthly mortgage bill would be $1,171 -- only a $26 difference.

If you are renting and thinking to wait for home prices to drop, let me tell you this: You wait 6 months and pay $ 1000 rent, you are putting $ 6,000 in your landlord pocket, that if you bought a home you have that money going towards your investment, and at the end of the year you will receive an statement from your lender informing you the amount of interest paid onthe loan that you will write off from your taxes.

You have enjoyed your home, started your investment, got a low interest rate in the 4's and have a write off, what could be better than that? Waiting for home prices to drop is not be wisest choice.

Take action, buy a house now that home prices and interest rate are very affordable. Remember fha loan for first time home buyers down payment is 3.5% and there is a conventional loan with 5% down. It is easy to fulfill the fha requirements to get an fha loan, look for an fha approved lender

Detached Townhome For Sale located at 35 E Howard St, Pasadena CA. If you are home buyer looking for a place to live close to Schools and Comercial area, this is the place.

On the 1st floor are the living room, Kitchen and a attached garage. On the 2nd story are 3 Bedrooms and 2 Bath, The Master Bedroom has it's own Bath and Walking Closet. It has central air and heat, front porch and a yard. From the balcony accesed throung the master bedroom there is a view of San Gabriel Mountains.

Pasadena is a very famous ciity for its annual Rose Parade, shopping, night life, cleanliness, there is no electric huge signs on the street like it other cities in the USA.

If you have an interested buyer for it, get in touch with me. If you are a home buyer, drive by the area at day and night time, ask neighbors about the area.

There is an elementary school half a block away from this place on Raymond Ave.

If you go looking for a friend, you're going to find they're very scarce.

If you go out to be a friend

you'll find them everywhere.

Zig Ziglar

You are brave...when you overcome your fear and help others to do the same.

You are happy...when you see a flower and are thankful for the blessing.

You are loving...when your own pain does not blind you to the pain of others.

You are wise...when you know the limits of your wisdom.

You are true...when you admit there are times you fool yourself.

You are alive...when tomorrow's hope means more to you than yesterday's mistake.

You are growing...when you know what you are but not what you will become.

You are free...when you are in control of yourself and do not wish to control others.

You are honorable...when you find your honor is to honor others.

You are generous...when you can take as sweetly as you can give.

You are humble...when you do not know how humble you are.

You are merciful...when you forgive in others the faults you condemn in yourself.

You are beautiful...when you don't need a mirror to tell you.

You are rich...when you never need more than what you have.

You are you...when you are at peace with who you are and are not.