3 Reasons to buy a home now.

Jeff | January 24th, 2010 - 12:47 pm

The Home buyer tax credit will soon end on April 30th. First time home buyers can qualify to receive a $8,500 credit and buyers who are current home owners can qualify for a $6,500 credit. Considering it takes 30-45 days to close after you have found the home of your dreams you need to start your search today.
In March 2010 the Federal Reserve Bank will stop its unprecedented purchase of nearly all mortgage back securities. What does that mean to you ? Experts believe interest rates are likely to go up as much as a one-half to one percent. The average mortgage rate is at its lowest level in 40 years, almost all economist believe that once the economy rebounds rates will increase significantly.
Ray Perryman of the Perryman group predicts Texas, the last state to enter the recession will be the first state out of the recession. Home prices are very affordable and once the economy rebounds and employment increases home prices will start to appreciate again.

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