
The Motley Fool offers great research as to why 2014 is a great year to buy a home, based on the fact that mortgage rates are low.
A chart in The Morley Fool article emphasizes the point that the total cost of a home purchased today for $250,000 with a 20% down payment and a 30-year fixed-rate mortgage is substantially less ($399,200), compared to the total cost based on average mortgage rates ($604,760). That’s a savings of more than $200,000, because of today’s low mortgage rates.
We highly recommend that you review The Motley Fool article: Mortgage Rates: Why 2014 Is a Great Year to Buy a Home.

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