Ask our community...Hello Buyers! FHA just LOWERED their loan limits (Bad) in the Capital Region of NY and VA just LOWERED their funding fees. (Good) Because changes like this come up suddenly in this type of an economy-it is usually better to act sooner rather than later-also contact me for a 1 page flyer representing the difference in payments if interest rates go up even a point on a 150K house.(Zillow won't let me post it) This is why it is more important, when negotiating a deal to look at the payment-rather than get stuck on the price you will pay for the house. We live month to month with the payment and the actual price we 'paid' does not really effect us. (Just like with a car payment.) Another juicy tidbit: Historically, since 1972, the average interest rate offered on a 30 year mortgage has been 8.92% !!!!! That is more than double what is being offered now. Again, check out the attached chart for the difference in payment on the same house. It truly is amazing and illustrates why now is a better than ever time to buy! PS: The media doesn't want to talk about this. It's good news!! They like scare tactics and bad news. Enjoy your weekend-and remember the Real Estate market is having a HUGE SALE-Tell your friends=) Be well,Cindy McMahon, Certified Buyers Representative[phone number deleted by Zillow moderator. Please refer to our Good Neighbor Policy for posting guidelines]September 23 2011 - Albany00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.