The Mortgage Bankers Association of America has reported a 12 percent increase in mortgage applications during the first week of February. With interest rates at 40 year lows, money is cheap right now and there is no better time to either purchase a home or refinance your current mortgage. The 30 fixed rate mortgage is averaging around 5.75 percent. And with home prices lower than they were this time last year, now is a great time to buy.
This is good news indeed, American market is the right place for home investments, this is not the first time I read about this and now I am seriously thinking to give it a try. I'll make my own investment in rental homes, I'll just have to check a mortgage calculator first.