Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
Two charts prove why now is the right time to buy
The current interest rate on a 30-year fixed rate mortgage is 4.19 percent, according to data from the Federal Reserve. It’s the cheapest it’s been all year, dipping by half below the long-run average of 8.52 percent. “Thanks to historically low mortgage rates, housing may never again be as affordable as it is right now,” writes John Maxfield for The Motley Fool, an online community for investors.