Record low interest rates and bargain home costs...
Interest rates for a 30-year fixed rate home loan fell from 5.06
percent in late March to 4.79 percent by the end of June, according to
the Federal Housing Finance Agency's Monthly Interest Rate Survey. Since
then, interest rates have continued to drop. The rate on a fixed-rate, 30-year loan dropped from an average of
4.32 percent in early August to 4.151 percent a week later, the lowest
since 1971! Combine that with the rock bottom prices of current homes and you are left with the single best time to buy a home in more than 50 years!
