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Forget about government bailouts and first-time buyer credits and look at the big picture.

Prices are low, interest rates on mortgages are at an all time low… below 4.5% fixed for a 30 year loan(just like in 1959) that’s more than 50 years ago.

A loan at today’s rate could save you at least 4 times the amount of the expired $8000.00 tax credit over the life of the loan.

Last year mortgage rates on a 30 year fixed loan were average 5.21%. Mortgage rates on a 30 year loan are now averaging 4.42%.

A 2 bedroom apartment in Los Angeles averages $2,000.00 per month. A fixed mortgage comes with a permanent stable payment and tax benefits that renting will never provide.

Check this out:

In April 2010 you could have bought a property for $400,000 with 20% down and at 5.21% your payment would have been $2,199.00. Same house today at 4.42% and the payment is $2,008.00. A savings of almost $200.00 per month.

If the home was $550,000 with 20% down at 5.21 your payment would have been $3023.51. Same house today at 4.42% the payment is $2,760.69. Almost $250.00 per month savings.

Please do not wait; the real estate market is cyclical… my Mom told me BUY Low and SELL High. If you buy now you will be buying low. Don’t miss this window of opportunity.