Low Interest Rates make this an IDEAL TIME to buy a home

Is now a good time to buy? Will low interest rates help me buy more house or save more money? In 1 year from now we will probably look back on 2010 and call this period "A Perfect Storm." Homes prices are still really low, and Interest Rates are still at all time lows for what may end up being a very short time. Did you know that for every 1 percentage point gain in interest rates, you will end up paying approximately 8% more on your monthly mortgage payments. This is the net equivalent of approximately one additional mortgage payment for every 1% point increase in rates. Or 1 payment savings, for every interest point below normal rates. If you look at the past 25 years, five percent mortgage interest rates are not normal, but this is about where rate are now. Want to save money and get a good deal on your house? Lock on your interest payments now. You may save more money now than maybe anytime in recent past or foreseeable future.

Category:

News & Politics

Tags:

• Interest Rates
• Low interest Rates
• Mortgage
• Is now a good time to buy
• Good Time to buy
• Real Estate
• Austin
• How to Save
• Home Purchase
• Perfect Storm
• Time to Buy
• Saving Money
• Houses
• Realtor
• Agent
• Best Realtor
• Top Realtor
• Austin TX
• Round Rock
• Cedar Park
• Pflugerville
• Central
• East
• West
• Hutto