Below is a great article my Realtor friend Tony Hellman sent to his clients recently.  You can see that at today's low rates you can buy a $300,000 home with the same payments as you use to be able to buy a $225,000 home!

Is NOW the PERFECT TIME to BUY a HOME? Average home prices are now similar to 2002 levels, yet in the  summer of 2002 the average interest rate on a 30 year  mortgage was 6.5%. The comparison below shows how  much more house you can buy now because of the combination  of LOW home prices and LOW mortgage rates. Sample Price Interest Rate Payment Interest Rate/APR Payment $175,000 6.5% $1,106 3.75% 4.12 $810 $200,000 6.5% $1,264 3.75% 4.10 $926 $225,000 6.5% $1,422 3.75% 4.06 $1,042 (2002) $250,000 6.5% $1,580 3.75% 4.01 $1,158 $275,000 6.5% $1,738 3.75% 3.98 $1,274 $300,000 6.5% $1,896 3.75% 3.95 $1,398 today $350,000 6.5% $2,212 3.75% 3.92 $1,621 You can buy a $300,000 home for what used to only get  you a $225,000 home !! Now is the time to buy. Who do you know that needs my help? Tony Hellman http://www.utahhomes4us.com tony@utahhomes4us.com 801-809-6133 (Office)