Now is the Time!



  • Mortgage interest rates are still low—for now. A 30-year-fixed-rate loan now averages 4.16%, according to Freddie Mac, but many economists believe we will see 5.25% rates next year. As interest rates increase, so do your monthly payments.
  • Purchasing a house at 250,000 using a FHA loan with 3.5% down at 4.16% interest rate, would have a monthly payment of $1,157. With a 5.25% Interest rate, that payment increases to $1,380. (Amounts do not include taxes, insurance, or PMI. Source
  • Mortgage rates will rise - Though at historic lows, there are factors that play into current rates, such as support from the Federal Reserve and moderate economic growth. These may not hang around for long. (


  • Home prices are rising. The median price of an existing home was $223,300 in June, or 4.3% higher than June 2013. That’s the 28th consecutive month of year-over-year price gains, and economists expect that trend to continue.(Source:
  • Home prices are increasing - With Sellers markets forming in many areas around the country, homebuyers should act now before prices rise even more. (


  • Rising Rents – With rents rising at around 3% growth each year, taking advantage of affordable homes right now can benefit you in the long run.