I am thankful for low interest rates!

Reblogger Mary Benton
Real Estate Agent with Keller Williams

Thanks very much to Maggie for this reminder.  The focus is often on a the shifting market, difficulties our buyers have in getting a loan, a deal that has just fallen through!  But let's remember that we have incredibly low interest rates right now!  Be thankful.  Stay in gratitude. 

Original content by Judy Rockensock

According to Freddie Mac, 30 year fixed rates are averaging 4.10%.  Which means they are remaining near their 60 year lows. 

This time last year, rates averaged 4.23%. Obviously not a lot different than 4.10%, but if you use a mortgage calculator you find that it means a difference of close to $20 per month on your payment for a $250,000 house.  What could you do with that $20 a month?

As Thanksgiving approaches, maybe we should all be thankful for such low rates.  In some areas of the country the low rates are what's keeping the market alive.  Plus, buyers who are ready to buy now should maybe be thankful they weren't buying 10 years ago when rates were approximately 7%!  What a difference in your payment that could add up to be!  That big of a difference in interest rates ends up being $400-$500 per month.  Now that is something to be thankful for!

 

-Written by Maggie Claprood-

[Source: Freddie Mac]

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
12,598
Judy Rockensock
RE/MAX Carriage House

It is the season to be thankful!  You are right; it is so easy to focus on the negative in our business.  Glad what I wrote spoke to you!

 

Maggie Claprood

RE/MAX Carriage House

Buyer's agent for Judy Rockensock

November 02, 2011 04:53 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
44,579

Mary Benton

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Lubbock real estate - home search in Lubbock, TX. Homes for sale.