Rental prices are rising. The national average is $1,360 per month and experts predict rents will continue to rise. From 2006 to 2009, rental rates on average increased more than 15%.
With prices to purchase a home at the lowest level they have been in years, these depressed prices, combined with the availability of very low fixed rate mortgages, the “Buy Now” signals coming from the market are very strong.
If you are thinking of buying a home my advice is, do it now. We certainly are at the beginning of bottom for housing prices and interest rates.
The best buy for a mortgage is a fixed rate, 15 year amortization. You will save about the cost of the house. Check it out.
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Thank you for the information. I was looking to buy a house. I think I should work fast on my plan.
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