Are you considering buying a home? Home ownership is a huge milestone, and one that requires careful consideration. Before you start the process, there are a few things you should look out for.

While contemporary home buyers are accustomed to interest rates in the 2-4%, older homeowners remember being excited to get one as low as 8%. As yet, we have no indication such a drastic increase is necessary, home mortgage interest rates are creeping up and potential home buyers may be asking if they should still try to buy a home.