Reason 2 Now is a great time to buy
Wednesday, October 20, 2010
Mortgages are cheap
You can get a 30-year Home loan for about 4.3%. What's not to like? These are the lowest rates on record. As recently as two years ago, they were about 6.3%. 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.