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I have read a blog that illustrates the dramatic effect interest rates have on your monthly housing expense. With these historic low rates, it’s hard to imagine interest rates getting much lower. That is why I think now is the right time to buy a house.
These interest rates won’t be here forever so for those who are able, you have a historic opportunity. My conclusion mathematically is that if you are going to live in your house for years, now is the time to buy.
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