Thanks everybody! The timing was definitely right for us, so we got it at a great price, plus I'll be getting an $8,000 bonus from Obama when I file my taxes. Thanks Prez!
I agree with you in theory. However, I would be highly surprised if Team Obama didn't have some stupid policy changes that will prevent this from happening - thanks Dumbocrats! Besides that, I just dont see the interest rates staying this low - I mean, come on, you can get a 30 year FIXED for like 4.5%! So right now IS the best time to buy, it's not going to stay this way for long.And those prices will be another 20-30% lower in 3 years after the ALT-A and Option ARMs reset.