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Author: angelman1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 267372  
Subject: Re: Purchase a new home or fund retirement? Date: 1/24/2013 4:30 PM
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My thought at the moment is to put the money in some fairly conservative fund and bide my time. Whilst I do believe that property prices are recovering, my house has risen around 100k in the last year or so I am less interested in trying to predict the housing market and more interested in seeing how best to take advantage of the historically low mortgage interest rates. Since 1971 interest rates have never been so low. If you can get a mortgage at these rates it seems like a good idea to try and take advantage of that. Economies go up and down, as do stocks and house prices. However the one variable that seems a little different at this time are interest rates. I have a mortgage in the UK at 0.9%! The crucial difference here though is that the mortgage rates are fixed for 30 years as opposed to the variable rate in the UK.

Am I wrong to put so much emphasis on the interest rates? Of course they could go down further but they are lower than in the last 40 years or so which must be something of significance.
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