Considering that lakefront in Vermilion, the waterfront condominium on the Lake Erie Islands, or a "green" home on Cleveland's westside - but you are going to wait for the interest rates to drop more? Really??
Some historical interest rates based on a $100k home w/ a credit score of 720:
January 2010 4.88%
January 2000 8.21%
February 23, 1990 10%
November 24, 1980 13.5%
January 4, 1970 8.5%
February 7, 1961 5.5%
Low Point: April 24th, 1950 - 4%
High Point: September 14th, 1981 - 17.5%
We haven't had rates this consistently low since the 1950's!
30-year mortgage climbs above 5% Mortgages - MarketWatch
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