i want to buy a home in the next three years when is a good time?

The best time to buy was in May before rates started their current upward trend and home prices are on the rise. But since you don't have a DeLorean with Doc Brown and Marty McFly... the best answer is "as soon as you can". Contact a licensed mortgage professional or 2 (consider Steve at iLoan) and see how they work. Thanks to the Feds... everyone out there has about the same rates and fees. Depending on where you're looking at and what programs you may qualify for... buyers can get into a home for between zero and 5% if they have good credit and a relatively strong file. Good Luck! Steve@iLoanHomeMortgage.com or 612-386-5306

David hit the nail on the head. The Fed has kept rates low in an effort to prop up the housing market, but as the economy continues to improve this becomes less necessary and rates will continue to rise. Unfortunately, rates have hit bottom and will likely not return to such historic lows. They are still low, though, and you should jump on this opportunity to buy if it is the right time for you.

The best time to buy is always right now... and I can help. Over the next three years, the economy should continue to improve, home prices should continue to go up, and interest are very likely to move higher. If you can qualify today, you should buy today. Come visit me, I am right around the corner. (651) 552-3681 www.MNBestRates.com

I completely agree with Joe Metzler. As the economy is growing prices will continue to rise. We are located in New Hope, MN if you have any further questions! 952.884.5442

As mentioned in the financial pages of the newspapers and on CNBC, the economy is improving even though all may not experiencing the improvement like some. With the economic improvement, more money flows into the stock market and money flows out of the bond market which funds mortgages. They have to increase yields to attract investment money. As they do this, the interest rates charged on the mortgage instruments that make up these bond funds have to increase. Rates are rising and will continue. The lowest of rates are behind us.Now IS the time to jump in the real estate market. Based upon my 35 years in the industry, I can help make your transaction smooth and easy. Give me a call at 7963-519-1100. I"m happy to answer any of your questions.

Interest rates and home prices are expected to continue to rise, so the best time to by a home is as soon as possible! If you have the means to make your purchase now, before rates get any higher that will be the best move.

As others have mentioned - May was the best time to buy - but today is the second best time. Rates are not going to go down to the historic lows of a couple of months ago. About a month ago, Ben Bernanke blew up the bond and mortgage markets with his comments the Fed was essentially preparing to begin reducing the monthly purchases of treasuries and mortgage-backed securities. He and the majority of FOMC members were seeing the economy improving and the Fed wouldn't need to continue its $85B of monthly purchases. However, in a speech on Wed he backed off of that and tried to calm some of the market volatility by calling for maintaining the monetary stimulus. In the interest rate markets he accomplished on thing, he stopped the almost violent climb in rates - however most experts feel the economy is getting ever so slightly better and that mortgage rates will not fall from where they are right now and will continue to rise. Keep in mind that historically rates are still very good and home prices very affordable. Call one of the Lender 411 mortgage pros in your area and see if you can get pre-approved now. Good luck.

Buy now, prices are low. If you can not qualify now, rent with option to purchase.

You ask when a good time to buy is, and as everyone has said, NOW is good time to buy. It is not likely rates will decrease in the next three years.Your best time to buy is when you have the 5% down payment to proceed with a conventional mortgage, so you do not have to be locked into mortgageinsurance for the life of the loan with FHA. This is especially important, as once the rates have climbed some more, it is unlikely they will be back downbelow these numbers in the future, to make refinancing reasonable.

NOW is the best time to buy because we have an idea of what the rates are and owning a home is generally a better proposition than renting.

You ask when a good time to buy is, and as everyone has said, NOW is good time to buy. It is not likely rates will decrease in the next three years.Your best time to buy is when you have the 5% down payment to proceed with a conventional mortgage, so you do not have to be locked into mortgageinsurance for the life of the loan with FHA. This is especially important, as once the rates have climbed some more, it is unlikely they will be back downbelow these numbers in the future, to make refinancing reasonable.

The best time to buy a home is when you are ready. Interest rates will always fluctuate and you never know what is going to happen in the market 3 years from now. Interest rates are on their way up right now but you have to remember we are still in a volatile market.Keep your credit in good standing and start saving up for a down payment. You will know when the time is right.

Rates are expected to rise

Now is the best time. Even though rates have gone up a bit, they are still historically low. And remember your mortgage interest is the only debt that is actually a tax deduction. In addition home values are starting to increase across the nation and if you wait not only may the rates increase but the price of homes will too. I suggest talking to a local loan officer to see what your options are. Best wishes and good luck,