Interest rates have continued to stay incredibly low and approaching historic lows again. They were predicted to start to creep up at the start of the new year and did, but have since continued to lower.
If you're not sure where you stand as far as how much you can afford, your best bet would be to contact a mortgage professional to get prequalified. There are many different mortgage programs available and they could best see which program would fit your needs. Many 1st time buyer, No down payment, or low down payment programs with such competitive rates are out there. But you can also follow the link to get a ballpark.
Ric Frederick is a Branch Manager with Connecticut Home Mortgage. You can reach Ric by cell at 860-460-8188 or by email at email@example.com to get prequalified today.