There have been significant drops in mortgage rates over the last couple of months. Are you thinking about purchasing in the next couple of years? I would seriously consider doing it sooner than later. Windermere’s economist Matthew Gardner predicts that interest rates won’t be dipping this low again. This low of interest rates dramatically affects your monthly mortgage amount. With interest rates this low you can be eligible to buy possibly significantly higher dollar amount than what you think you can afford right now. Let me know if you want to look into what you qualify for and what your monthly mortgage amounts could be.
Here is a quick video about predictions for interest rates in the next year.