INTEREST RATES ON 30-YEAR MORTGAGES HIT 50 YEAR LOW!
According to the National Bureau of Economic Research, the average rate on a 30-year, fixed-rate, FHA-insured mortgage was 5.15 percent in December 1956. That was the last time rates were as low as they are today. In addition the latest data from the National Association of Realtors shows that the benchmark Housing Affordability Index is 61% better than it was in 2006!
Why are you still sitting on a rented fence? It’s more affordable to get into your brand new home now than it’s ever been in your lifetime. Homes are probably more affordable now than they will be for the rest of your life – so what are you waiting for? When you add in the $8,000 tax credit for first time home buyers (see https://stylecraftbuilders.wordpress.com/2009/02/) it’s a slam dunk!
What does this mean for you? If you’ve been sitting on the fence waiting for interest rates to bottom out – now is the time to act. If you’ve been sitting on the fence waiting for home prices to stabilize – now is the time to act.
We build brand new homes for a living so I know we’re a bit biased. Take a gray-haired guys word for it – If you spend this Christmas in a rented house or apartment you will look back and realize that you missed the biggest buying opportunity in real estate history.
Call us. Email us. Send a telegram. Better yet – come by our office and let us show you your brand new home. Get off your rented fence today!
“Welcome to Stylecraft Builders, one of Central Texas’ premier new home builders. Since 1986, Stylecraft Builders has designed and built new homes and communities with its reputation based on integrity, honesty, value and style. With ideal locations in Brenham, Bryan, College Station, Hilltop Lakes, Huntsville, and Waco, come see why we are The “YES!” Builder. Welcome to your New Home.”