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Should I Buy a Home Now?

by Mark Weisman

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Finding A Home

by Real Pro Systems

Finding a home can be easy.    We have many listings on our website and can also email you anything new that posts onto the MLS immediately through our New Listing Alerts program. 

Displaying blog entries 1-2 of 2

Contact Information

Photo of Homes by Mark Real Estate
Homes by Mark
HomeVenture Real Estate
1200 Executive Parkway, Suite 400
Eugene OR 97401
Main: 541-743-8500
Fax: 541-687-9476