Interest rates are amazing low!
Inventory for homes available for sale is way down!
The rule of economics, Supply and Demand. Low prices, low interest rates combined with low inventory shows that Supply is low while demand is high!
Congress didn’t allow us to fall off the fiscal cliff, the home mortgage deduction is still with us, so 2013 is a great year to buy a home! Owning a home is still the American Dream that is achievable! Did you know FHA mortgages still only require a 3.5% down payment? Conventional loans usually want a 10% down payment.
Bankrate.com shows these national average rates today ( January 8)
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