DC Home Buying and Decorating

Now is the perfect time to buy your first home, says Sondra Shemer of Embrace Home Loans

Now is a perfect time to buy your first home

Rates, tactics, programs make a difference in affordability

Given today’s interest rate environment and current home values, now is a wonderful time to buy your first home. While rates have increased slightly from their previous lows, one must look at the history of where rates have been. There was a time when rates were in the double-digits, nearing 20%, making home buying difficult to afford. But rates are cyclical in nature and go up and down over time. With current interest rates in the 3% to 4% range, home ownership is often cheaper than rent.

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