There is no Better Time to Buy a Home Than Right Now
Turning back the pages of history reveals to us that; there is no better time to buy a home than right now, the affordability factor has never been better. I stated this backÂ on August 9th, 2012 on the Varney & Company Show on the Fox Business Channel. http://video.foxbusiness.com/v/1777615553001/
In Wayne Township, NJ homes that have closed title from January 1st, 2013 through March 26th, 2013 are up 30% from 2012. I attribute the dramatic increase in closed transactions due to the fact that buyers are starting to realize this unique combination that may be a once in a lifetime opportunity.Â We've had one of the biggest real estate market corrections ever along with historic low mortgage rates that make owning a home today more affordable than ever before. Buyers are finally starting to get it.
You have to be nuts not to borrow money at these ridiculously low interest rates and here's why;
A 3.5% thirty year fixed rate mortgage costs you $4.49 for every $1,000 you borrow. Simply put a $100,000 mortgage would cost you $449 per month. That's insane, wouldn't you agree?
Happy House Hunting!