Right now has to be one of the best times in our history to get a low interest mortgage for a home. I am stunned at how low the rates have come down. When you can get a mortgage rate below 5 percent then it’s time to sign me up.

Do you remember in the Regan administration in the 1980s when a low interest mortgage rate was in the double digits, but now we are lower than 5 percent. It is truly amazing to me that the mortgage rates are so low, and yet people are afraid to buy.

What you need to know before you get a morgage is easy. Make sure that your home is less than 1/4 of your take home pay. Make sure that you get a fix rate mortgage, and I prefer a 15 year note so that I pay less.

I would have to say now is the time to get a low interest mortgage, and save a ton of cash on the purchase of your home, because I do not think these rates are going to last. Home sales go up in the summer time, and this could affect the interest rates.