Who would have ever thoughts that rates would every have gone this low? Last year I refinanced my mortgage and boldly told my wife that rates would never get this low again. (Pause as I need to eat those words….). Well, here we are again yet the interest rates are even lower than they were last year.

What does this mean? Simply put, borrowing money has never been cheaper than right now at any point that in the last 30 years. A friend once told me you can make a nice living selling real estate, but you get rich buying it. The reality is that right now is a great time to buy. Prices have come down since 2005 and your monthly payment to hold the real estate will be sooo much less based simply on todays rates. If you are looking to upgrade, buy an investment or at your first home, now is the time. Good luck!