A good time to enter the housing market is when the competition in your area is low, meaning there are fewer sellers than interested buyers.
Sometimes it helps to see the dollars and cents you’ll save if you purchase a home while mortgage rates are low. Buying a home at today’s historically low rate can save you signifiantly over the life of your home loan.
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why.