First Time Home Buyers Finding the Best Rates Ever
If you have been renting for a while and are considering your first home purchase then you are in luck and one Colorado FHA mortgage provider explains why. Since the housing market dropped in 2008 with the subsequent recession, home values and mortgage have been plummeting as well. This is not great news for some homeowners, but excellent news for buyers.
In order to stimulate the housing market and encourage property purchases banks have been giving out mortgages with much lower rates dropping to half from 5% in 2009 to 2.5% now in just 3 years! Consider what buying a home now could do for you.