It’s the same old debate on renting vs buying, but with today’s mortgage rates, this should no longer be a debate. As of this last week, mortgage rates were as low as 3.74%. This is amazing news for home buyers. The lower your interest rate, the higher your purchasing power and better deal on a mortgage you receive. It’s no surprise in many metro areas across the country, including here in Madison, rent prices continue to soar, and owning does offer it’s advantage as more often than not your mortgage will be significantly less than rent in the area. So what’s holding you back form pursuing home ownership? If ever there was time to, it would be now. Don’t let the old myth of needing 20% down hinder you, because that is no longer true! Reach out to a mortgage lender and get a discussion started. Not sure of where to start looking for a mortgage? We work a number of great, local lenders we can refer you too as well!