Interest Rates at a Historical Low — Now is a good time to buy
Take a moment to watch our latest lender update:
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It’s great that Interest Rates are low, but what does that mean to me?
Did you know that for a $200k home, with 5% for a down payment, with the current interest rate at 4.25% (4.34% APR), your monthly payment would be approximately $935.
Buying that same home at an average interest rate of 7% (7.212% APR) would cost you $1,264 per month.
In other words, the same house with the same down payment will cost you approximately $329 LESS per month.
Or, said another way…you could buy a lot more home for the same amount of money.*
* Hypothetical numbers. To get accurate verified numbers, please call us.
Tags: Interest Rates
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