I know many Minnesota first time home buyers are bummed out about the tax credit going away but hey, the fact is that with Minnesota mortgage rates hovering below 4.5%, now is still an incredible time to buy a home. Add to that the fact that Minneapolis homes prices have been falling for the past two years and you really don't have a lot of reason not to buy a home today!
When my wife and I bought our first home, we were able to assume the sellers 9% mortgage and we were thrilled. At the time mortgage rates in Minnesota were around 11%. In my humble opinion, anyone who is making excuses as to why this isn't the right time to buy a home simply wasn't a real home buyer anyway.
If you are paying attention to the falling home prices and rock bottom interest rates and you are thinking about buying a home in the Twin Cities metro area, visit www.mnonlinemls.com to get free access to the Minnesota MLS and see thousands of Minnesota homes for sale in every price range.
The fact is, owning a home will always be a smart component of your personal wealth plan so feel free to call Metropolitan Financial Mortgage Company with any questions you may have regarding financing your new home and locking in today's unbelievably low mortgage rates!
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