Low home prices and mortgage rates are making it an ideal time to buy a home in Central Ohio

The home buyer tax credit may have expired but it is still a great time to buy Central Ohio real estate.  There has been so much talk about historically low mortgage rates over the past couple of years, and this week they have hit 30 year lows again. A 30-year fixed rate mortgage for a qualified borrower is averaging out at 4.5%.  At the moment, affordability is at a high when it comes to Central Ohio real estate.  The low mortgage rates combined with decreased home values are making the long range cost of owning a Central Ohio home much less than at the height of the market.

While the home buyer tax credit fueled Central Ohio real estate sales for the first quarter of 2010, its expiration does not mean gloom and doom.  If you have been considering purchasing a new home in Central Ohio give us a call today.  We know the market and can help you find a home that suits your needs.

If you are looking to buy or sell a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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