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New Home Buying Class Helps Hundreds of First-Time Delaware Home Buyers Find Their Dream Home Wilmington, Delaware - Buying a home is a complex process. Title Insurance - inspections - negotiations - mortgages. To help ensure that your home purchase is profitable and problem free, four area comp...
Here's the other side of the interest rate "coin".....Sellers need to keep in mind that when rates go up their home values go DOWN! Here's how: Let's say your home is worth $300,000 and interest rates are at 4.5%. Your potential buyers are shopping for homes in the $1520....
What's Hot in Real Estate?? Interest Rates are still at/near record lows of @4.5%!!!!! Soo, on a $250,000 mortgage the monthly mortgage payment is only $1266.71. When the rates go up to 5% that becomes a $1342.05 payment and when they get to 5.5% it will be $1419.47. Thats $152.76 more for t...