The 30 year fixed rate mortgage is still looking attractive. First time home buyers should be comparing their rent dollars to their mortgage payments and investigating all the loan options available to them. And investors are searching for property as real estate is a great investment while the fixed-rate interests continue to remain low!
All the while, home prices are inching upwards keeping the seller happy too. What a great balance for both buyer and seller. The time is now.
Click Here for the 30 Year FHLMC Rates On 30-Year Fixed-Rate Mortgage Chart
Click Here for the 200 Year Historical Rates On 30-Year Fixed-Rate Mortgage Chart
Click Here for the Housing Prices Chart
Shop for quality, do your homework and ask lots of questions! Many home builders will not work directly with customers until the home is complete, or nearly complete (aka they will only build a spec home). Other builders understand that homeowners want to be involved in the design of the interior and exterior spaces (aka custom builders) so that together they will create a masterpiece.