Friday, September 19, 2008

Lower interest rates = more buying power

Everyone knows that lower interest rates create better opportunities for home buyers. Here is one example: the savings realized by a 1/2% lower interest rate equates to approximately $20,000 more in buying power on a $400,000 loan. Today's lower rates coupled with our housing market where homes are currently “on sale” creates an amazing opportunity for home buyers. If you are in the market to buy or sell, please call or email me to answer your questions and get started!