Financial Facts

2011 Is Still a Good Time to Buy

Last year was a great time to buy a house – interest rates neared all-time lows and home prices just about everywhere had fallen from previous highs. These factors meant there were many great deals available in the real estate market. Have you been kicking yourself for missing the opportunity? Not to worry! 2011 is still a great time to buy a home.

Market Favors Buyers

Mortgage interest rates are predicted to remain low through 2011. And prices aren’t expected to budge much at all – economists are estimating home prices will rise by only 0.8% through the end of 2011.* Plus, there’s still a large inventory of homes to choose from. A 2011 homebuyer will enjoy low interest rates and prices and a big variety of homes to choose from, just like 2010 buyers.

If you’re considering buying a home, visit American Southwest Credit Union. Our friendly mortgage professionals can help you get preapproved and decide how much home you can afford. We have a variety of mortgages to fit different needs. There are many factors that come into play when applying for a home loan – the size of the loan, how long you plan to stay and whether you prefer a fixed or variable interest rate. Visit www.americansouthwestcu.org or call 800-752-6394 or 520-459-1860 to find out how you can take advantage of this buyer’s market today.

* Source: The Wall Street Journal, Sept. 24, 2010.


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