Here is a simple idea. Buying a house at 4.5% interest rate vs. 5.5% interest rate. By buying now you save 10%. That's right 10%. Every 1% interest rate go down you save a full 10%
Most economists agree that recent rashes of government spending will ultimately lead to significant inflation. The constant infusion of cash that is intended as a short-term solution will eventually have a long-term effect on the value of a dollar.
One of the best hedges against this expected phenomenon is the purchase of a home during one of the best buyer’s markets in history. With low, low property prices and record low fixed interest rates, there has never been a better time to buy a home.
But if one takes into consideration the fact that a mortgage may be repaid with inflated dollars, the deal only gets better and better. By fixing housing expenses now in terms of the 2010 dollar of today, home buyers will be immune from contrary inflationary economic forces for as long as they own their property.
It’s a tremendous way to protect wealth and to meet your housing needs for decades to come.
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Agreed! I push that point everyday when I'm orignating loans. When ever it one going to be able to borrower money this cheap and get a tax benefit on top?~!