Home Prices Vs Interest Rates

Price is the most important factor in buying a home, but keep in mind interest rates and how they will affect your monthly payment. Interest rates are historically low today, but no one can tell you what they will be tomorrow.

Considering waiting for home prices to drop further? Check this out:

- Buy today for $200,000 at 5.25% = $1,104 mo pymt

- Buy late 2009 for $180,000 at 6.25% = $1,108 mo pymt (30 yr fixed)