Arlington Heights - Mount Prospect - Buffalo Grove - Palatine - & Surrounding Communities

If You Don't Buy a House Now, You're Stupid or Broke Interest rates are at historic lows but cyclical trends suggest they will soon rise.  According to BusinessWeek's Marc Roth, homebuyers may never see such a chance again. "Well, you may not be stupid or broke. Maybe you already have a house and you don't want to move. Or maybe you're a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don't act soon, you will regret it. Here's why: historically low interest rates. As of today, the average 30-year fixed-rate loan with no points or fees is around 5%. That, as the graph above—which you can find on Mortgage-X.com—shows, is the lowest the rate has been in...Continue reading

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