If you were offered the chance to buy dollars for $0.70 a piece, how many would you buy? When you compare today’s home loan rates to the average in effect for the last 10 years, that is approximately what you are paying. And given lower home prices, there has never been a better opportunity to buy a home than today.

This month, YOU Magazine turns to contributing editor and national mortgage expert Jim Sahnger to learn why buying now is still a great decision and what you need to look at in your market to gain confidence. Sahnger will also share with you a new potential pitfall to the mortgage process to prevent your mortgage application from blowing up just prior to closing.

Home Affordability: The Key to Your Market
Mark Zandi, Chief Economist for Moody’s Analytics stated recently in an audio interview with MarketWatch Radio that he has never seen a better time to buy a home, with low interest rates and affordability being one key component.

When people decide to buy a home, the monthly payment is a crucial factor. Affordability is a function of home price, interest rate and down payment. Read the rest of the article at  www.BrevardNCRealEstateupdates.com