Knowledge Center

The time for prospective home buyers to enter the market may be right now; here’s why:

Historically, mortgage interest rates are relatively low. According to Realty Times' March 31, 2009 "Real Estate Outlook: Sales Rising?," "Meanwhile, mortgage rates continue on their sharp downward track, hitting six-decade lows last week. Fixed rate thirty year loans plunged to an average 4.6 percent from 4.9 percent with one point, while 15-year rates sunk below four and a half percent according to the Mortgage Bankers Association."

With interest rates remaining at historic lows, this increases an individual’s purchasing power and makes the mortgage payment more manageable.