30-year Mortgage Rates at Historically Low Levels

Now is the time to grab a low mortgage rate for that new home. Mortgage rates are at their lowest level in decades and will not last forever. For current rates, visit Bankrate.com

Also, be sure to plug that great rate into our Mortgage Calculator and prepare to be surprised by how much home you can afford!

Even the US Government has a Hot Deal!

Economic woes aside, you have to admit that now is the best time in modern history to buy a new home. Adding to the already prime buyer's market, the federal government announced a First Time Home Buyer Tax Credit of up to $8,000. And, unlike prior tax credit programs by the US Government, this credit does not have to be repaid. Here are the general guidelines for qualifying:

• Your home must be purchased between January 1, 2009 and December 31, 2009.
• The home must be your primary residence.
• You're a single taxpayer with an income of $75,000 or less, or ...
• You're a married taxpayer with a combined income of $150,000 or less.

The tax credit is for 10% of your home's purchase price, but it can only be a maximum of $8,000. Other aspects of the stimulus package promise to help unfreeze the credit markets, making it even easier to buy a new home. So what are you waiting for?