The economy is up - and down.
Stocks are up - and down. Mortgage
rates are down - and down. So . . . is
there a new home in your future?
In 1970, interest rates were in the 8%
range. In the late 70’s, they rose as
high as 18%. Today they are in the 6
1/2% range - the lowest in 40 years.
Better yet, they have stayed
relatively stable at the below 75 for
many months now.
Regardless of the economy, you can
assure yourself of having the lowest
home mortgage payment possible
when you buy now. If you choose a
fixed-rate mortgage, your payment
will stay at the same low interest rate
for the entire length of the mortgage
- no matter what happens to the
economy. How many times have you
heard a friend say, “If only I had . . .
“That’s the typical lament you hear
after someone has missed an
opportunity. Want to be certain that
doesn’t happen to you?
Ask! Ask a real estate agent to figure
the monthly payment on any home
you would like to own - then
compare it with your current
payment. You’ll be amazed. Rates are
so low that many homebuyers are
choosing a 15-year loan rather than
the 30-year version. You pay a little
more each month, but eliminate the
debt completely in 15 years.
