What Can You Afford Today with Today's Interest Rates?

The following infomation has been provided by Allen TateMortgage.

Weekend Rate Sheet 07/13/2012

Conventional Conforming Fixed Rates

30 Year                                   3.375%

20 Year                                   3.250%

15 Year                                   2.750%


3% down Conv 30 yr – Minimum Credit 700             3.750%

Conventional Conforming Arms

Quoted @ 90% LTV

5/1 Yr                                       2.625%

7/1 Yr                                       2.750%

10/1 Yr                                     3.125%

Government Loans-0- origination fee                                                FHA and VA Arms

30 Year Fixed FHA                  3.250%                                       3/1 Yr                      N/A%

30 Year Fixed VA                    3.500%                                       5/1 Yr                     2.875%


USDA Rural Housing

100% Financing      Income Limits

30 year Fixed                           3.250%

North Carolina Finance Agency      Income Limits

30 year Fixed Rate                  3.250%

North Carolina Finance Agency      Income Limits

30 year fixed rate                    3.750%
Down Payment Assistance

There are mortgage programs available with 3% down with a little higher interest rates.
There are mortgage programs available with a minimum credit score of 580

With rents going up, WHY wouldn't a first time homebuyer at least consider buying today???????