Is now the time to purchase a home? Buying a home is a big decision in every situation, no matter the time or the area. The key thing to remember is that buying a home now is a personal decision, one you have to make based on whether your individual circumstances are in the right place right now, including your budget and financials. Yet, when you look at the mortgage industry as a whole, you may notice some instances in which there are big reasons to make now the time you buy a home.
#1: Interest Rates Are Low
Compared to just a few years ago, interest rates are low right now. When buying a home, this is one of those factors you simply do not want to pass up on. Lower interest rates mean you'll pay less to buy a home, even by thousands of dollars.