Low Interest Rates are Great for Bedford NY Homes

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5 Ways to Take Advantage of Low Interest Rates in Bedford NY.


Share ThisInterest rates have never been lower. It seems that just about every week mortgage rates set a new low. And this week the Fed is expected to undertake a second round of quantitative easing, QE2 for short, by buying up more government debt. As a result, incredibly low interest rates may go even lower.

But low rates don’t do us any good if we fail to take advantage of them. So we’ve put together a list of five ways that you may be able to enjoy the benefits of low interest rates.
1. Buy a home
The combination of low rates (current mortgage interest rates on a 30 year fixed are about 4.3 percent) and falling real estate prices make for a perfect time to buy a home. Particularly for first time buyers, there may never be a better time to take the plunge into homeownership than over the next year. Some say home values may still fall over the next year, so knowing exactly when to buy can be a bit of gamble. But locking in incredibly low rates on a 30-year mortgage is a great way to reap the benefits of the current interest rate environment.

2. Get free money from your credit cards
Today, the best balance transfer offers give you interest free money for 21 months. Just a year ago, the best deal was for just 12 months. And on top of the longer transfer period, balance transfer fees on these offers are down to 3 percent from what use to be 5 percent. These deals offer a great way to pay off high interest credit cards, and they can enable you to climb out of credit card debt faster while paying no interest.

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Bedford NY Homes

Bedford NY Real Estate

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