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Thinking about buying a home? You’ve probably seen news reports that mortgage rates have increased. But it’s important to put today’s mortgage rates into perspective. It still can be a great time to buy a home.

Mortgage rates have been bouncing around all-time lows for quite a while now. Historically speaking, rates still remain incredibly low. Many home buyers today think that mortgage rates this low are the way it’s always been. Not by a long shot! In the early 1970s, mortgage rates hovered between the mid-7 percent range and high 8 percent range. And how about the 1980s? In the early years of that decade, mortgage rates rose to more than 18 percent.

Today’s mortgage rates remain super low, stretching your home-buying dollars. According to the research firm Capital Economics, the average mortgage payment nationwide is still significantly lower than it was in 2006. With continued low mortgage rates projected, the National Association of Realtors is predicting another great year for housing nationwide. The association’s economist is predicting existing-home sales to reach 5.46 million in 2017, up from 5.36 million in 2016. (That’s great news considering 2016 was the best year for existing home sales since 2006.)

Whether you’re buying or refinancing, locking in today’s low rates could be one of the smartest financial moves you ever make. Check out just how far your home buying dollars can go today!