According to Consumer Affairs, 2015 may be the year for consumers who have been content, until now, to rent.

There are still obstacles to entering the housing market for the first time – gathering a down payment and closing costs and presenting a good credit score to name two – but there are signs things are beginning to swing around in buyers’ favor.

Historically low mortgage rates are still falling. The average fixed-rate 30-year mortgage is now well below 4%.

It should be no surprise that the first full week of 2015 saw a surge in applications for mortgages. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey applications shot up 49.1% during the week ending January 9.

Click on the photo above to read the entire article that includes a link to Fannie Mae’s recently introduced 97% loan program.  And don’t forget…OWN THIS HOME TEAM is here for ALL of your real estate questions and needs.