Showing posts with label mortgage rates. Show all posts
Showing posts with label mortgage rates. Show all posts

Thursday, February 14, 2013

What Difference does the Interest Rate Make?


Interest rates have not been this low in decades. I just closed a transaction in which the buyer received a 3.5% interest rate on their 30 year mortgage. That is a fixed rate for the life of the mortgage. As you can see from the chart above it makes a big difference on your monthly payment. If you have been considering purchasing a home, now may be the time. Questions? Email or call me and we can discuss the process.