Is Now the Time to Buy a Home?
Are you tempted to take the plunge because prices have come down over the past couple of years and mortgage rates are near historic lows but you are still afraid to take the plunge? Maybe you should think about the long term benefits of home ownership and the fact that you probably can afford a house you couldn't afford a couple of years ago when prices were a lot higher and mortgage rates were also higher. Lender
APR / Rate
Fees / Points
Payment
 NMLS #757416
5.521%
15-Year Fixed
5.375%
$3,812
Includes 0.953 points for $3,812
Lender Fees: $0
$3,242 /mo
 NMLS #1025894
5.546%
15-Year Fixed
5.375%
$4,476
Includes 0.944 points for $3,776
Lender Fees: $700
$3,242 /mo
 NMLS #6606
5.765%
15-Year Fixed
5.625%
$3,628
Includes 0.907 points for $3,628
Lender Fees: $0
$3,295 /mo
 NMLS #401822
6.194%
15-Year Fixed
6.000%
$4,995
Includes 0.750 points for $3,000
Lender Fees: $1,995
$3,376 /mo
NMLS #757416
6.562%
30-Year Fixed
6.490%
$2,988
Includes 0.747 points for $2,988
Lender Fees: $0
$2,526 /mo
NMLS #1025894
6.590%
30-Year Fixed
6.490%
$4,188
Includes 0.872 points for $3,488
Lender Fees: $700
$2,526 /mo
NMLS #401822
6.644%
30-Year Fixed
6.500%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,529 /mo
NMLS #6606
6.713%
30-Year Fixed
6.625%
$3,628
Includes 0.907 points for $3,628
Lender Fees: $0
$2,562 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Don't try to time a market bottom because you won't be able to. Take advantage of the low mortgage rates and the $8,000 tax credit (if you qualify) for buying a home before December 1st, 2009. Some housing markets have seen declines nearing 50 percent since the market peak. Even if you think housing prices have further to decline interest rates will probably be higher by the end of this year, making monthly mortgage costs higher, which will lower the price range of homes you can afford. Another benefit to home ownership is the tax benefits of owning compared to renting. Mortgage interest costs are tax deductible, further lowering your housing costs compared to renting. Explore Other Mortgage and Refinance Offers
30 Year Conforming Mortgage Rates Today Averaging 3.85 Percent
Homes Regaining Equity as Home Prices Move Higher, Time to Refinance?
Mortgage Rates Increase Forcing Mortgage Applications to Decrease: 30 Year Mortgage Rates at 4.39%
Mortgage Rates Mixed as Mortgage Applications Increase: 30 Year Rates Averaging 4.80%, 15 Year Rates Averaging 4.02%
Mortgage Rates Hit Yet Another Record Low: 30 Year Mortgage Rates at 4.49%, 15 Year Mortgage Rates at 3.95%
Refinance Applications Drop During Holiday Week as Refinance Rates Decline
Mortgage Rates Ascend Today
Mortgage Rates: Current Mortgage Rates October 27, 2009
Mortgage Rates at Highest Level in 8 Months - 30 Year Mortgage Rates at 5.21%
Mortgage Rates: Current Mortgage Rates Mixed, 30 Year Mortgage Rates at 4.80%, Refinance Applications up 17%
|
Have you been sitting on the sidelines the past couple of years waiting for the housing bubble to deflate?
