Whether you are thinking of buying your first home, an additional home or looking to refinance there's no better time like the present. The interest rates are at an historical low and if you have the capability to invest in real estate or refinance your home and lock in a fixed rate this is the time to do it.
Bankrate.com has noted that national averages are in the low 4% range for both conventional and FHA loans for a 30 year term. As an investor in real estate it's huge for you to strike while the iron is hot and to pay the lowest mortgage possible.
I encourage my buyers to buy now if it is financially possible because the amount of money they will save on the cost of the house and the interest rates will leave them sitting pretty. Many of my clients are also investing in a second or third home because once the numbers are calculated the house is either paying for itself or there's a very small monthly mortgage.
Investing is the keyword here, you buy when prices and rates are low and if you want you sell in a high market......it's just common sense.
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