You can get a houseÂ at valueÂ price nowÂ . This is aÂ buyer's market.Â Most of the other buyers have vanished since the tax credits on purchases expired. There are a tonÂ of homes on the market and there are vacant owners who want to get rid of them before the long winter heating season begins.
You can get a 30-year home loan for about 4.3%.Â These are the lowest rates on record. As recently as two years ago, they were over six. That drop slashes your monthly repayment by a fifth. If inflation picks up, you won't see these mortgage rates again. And if we get deflation and rates fall further, you can refinance.