EDGEhomes Blog

Jan 16

Why Buy Now

Impressed by LOW

interest rates?

you should be…

In a recent article featured in TIME Magazine

Tim Iacono of Iacono Research points out that “The lower interest rates have increased home buyers’ purchasing power and boosted affordability“.

“Even if mortgage rates moved back up to their 20-year average rate of 6.5 percent, that same $1,100 mortgage payment would finance a home purchase of just $193,000, not the current $279,000,”.

Source: “Is The Housing Recovery Just an Illusion Created by the Federal Reserve?” TIME (Dec. 7, 2012)

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