Times are tough for many people. Job losses are at their highest since the end of WWII, retailers are going out of business left and right, and the average American family is lucky if they can afford health insurance. But for those of you who are fortunate enough to remain relatively unscathed, now is one of the best times in decades to purchase a home. First of all, thanks to the FED 's attempts at stimulating the economy, interest rates have been on a steady decline. While lenders have definitely tightened their guidelines, for those with good credit, it's not unheard of to lock in a 30-year fixed rate in the 5 percent range. The cost of borrowing money right now is better than ever, and an excellent time to upgrade. Second, because there has been such a slowdown in home purchases c...
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