Record low mortgage rates and lower home prices means that owning your home is more affordable than ever before! Homeowners are paying 40% less on their mortgage payment than they were in 2006!
According to David Stiff, chief economist at Fiserv, "Nationally, purchase mortgage payments now account for only 13 percent of monthly median family income, the lowest percentage on record (since 1971), and compared to 23 percent in the first quarter of 2006." Now is definitely the time to buy!!
Check out this Housing Wire article and Fiserv report for more information.
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