Posted by: kgreenrealestate | August 22, 2010

Interest Rates & Values

With these current rates, (30 yr. 4.875/15 yr. 4.25) it easy very easy to see that it is an opportune time to look into the possibility of  buying a home! These interest rates are certain not to stay as low as they are. When a rate goes up a half or a full point, it can mean an escalation in thousands of dollars over the life of a loan. As an example, on a 200000 loan the difference between a 5 + 6 % rate is approx 130/month or 1560/yr.
Home Values are another factor that are not “here forever”. Check this link to find your particular home town current and comparison to last yrs value-  http://bit.ly/9sz1KD
Some towns are up in value, but most have leveled or lowered. Thank u for visiting my Blog!
 

 
 
     
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