"Would have, should have, could have.. " I hear it all the time. Home buyers who look back with regret for not purchasing when home prices were rock bottom.

And while its true, prices are steadily rising, its not too late to purchase your dream home at the Jersey Shore. Interest rates are historically low, providing buyers with increased purchase power.

Mortgage rates are at their lowest since May 2013 and experts are telling people to buy or refinance now, while the market is still hot.

Lenders are offering a 30-year fixed rate of 3.66 percent, which is down from the 3.8 percent of last year, and the 4.5 percent from last spring.

However, experts say it’s not going to last forever.

“

It’s not going to last very long,” said John Cornish, Vice President and Regional Sales Manager for American Bank and Trust. “Sooner or later interest rates are going to go up, it’s just a matter of when and how quickly those are going to jump up.”

Cornish said the low rates create more affordability and increases the purchasing power for those looking to buy a house.

“I would say roughly on a $150,000 loan, recent increases could probably get you another $10,000 buying power from the rates dropping down,” Cornish said.

If you aren't sure you can afford a beach home, call us. We work with talented lenders who are happy to answer your questions and help you with financing a home purchase.

Don't look back with regrets, call The DiPeso Group today. You have nothing to loose but years of memories with your family spent at the Jersey Shore!