Mortgage Rates Hit 50 Year Low!

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You're probably used to thinking that patience can be a virtue when you're shopping for a bargain on a large purchase. But when that purchase is real estate, the opposite is true. Today's conditions - attractive home prices and interest rates at historic lows - have combined to make the current housing market one of the most affordable in decades. It simply makes no sense to hold out for a better opportunity that isn't likely to come.

Signs are already pointing to higher interest rates and, with home prices stabilizing or increasing in most markets, waiting to buy a home could easily cost you several thousand dollars each year. If buying a home is in your future, you won’t want to miss out on this once-in-a-lifetime opportunity.

Comparison of cost at sample mortgage amount:
$275,000 Mortgage	At current low interest rate	$1476.26 per month	Savings of $172.50 per month and more than $62,000 over 30 years
$275,000 Mortgage	At 1% increased interest rate	$1648.76 per month

To learn more about what kind of home you can afford today, call or stop by your local Weichert office. 661-287-4466 x226