Morning Minute: Why now is the time to buy a home

With interest rates still well below 5 percent on a 30-year, fixed-rate mortgage, now is the right time for many buyers to become homeowners, lock in low rates and pay less over the life of the loan, according to

For example a homeowner who finances a $300,000 home with a 30-year, fixed-rate mortgage at 5 percent interest will pay $67,746 less over the life of the loan than a buyer with a loan at 6 percent, finds.

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