The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in August 2010—lower than it’s been in the past half century. Interest rates for the same time last year average 5.19 percent, representing a difference of $90 in the monthly payments on a $200,000 home with 10 percent down, as well as a savings of $32,400 over the life of the loan. For reason why now is prime time to buy a home, contact me and I’ll send you a free ebook.
Mortgage rates are at rock bottom and won’t stay there forever!
Wednesday, February 16, 2011Buyers have the edge!
Sunday, February 6, 2011According to Lawrence Yun, chief economist from the National Association of REALTORS, “Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed’s very accomodative monetary policy.“ For more reasons why now is a prime time to buy a home. Contact me and I’ll send you a free ebook.
Posted by Diane Kelly Team 