One of the best times to buy in history!

Mortgage rates have recently hit 60-year lows. The average rate on a 30-year-fixed rate mortgage is 3.6 percent and the average rate on a 15-year fixed-rate mortgage is  2.9 percent. Now is clearly the time to buy.

Terry Savage writes in The Chicago Sun Times:

He (or she) who hesitates is lost! It’s an old saying, and right now it applies to the housing market. Yes, the economic headlines are still gloomy, many are unemployed, and foreclosures are actually rising. But paradoxically, those obvious facts are creating one of the best home-buying opportunities in history.

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