Reason #2 Why NOW is a Great Time to Buy a Home
Wednesday, September 15, 2010
by Lynn Nadler
Rates are Awesome!!!! That's the 2nd reason why NOW is a great time to buy a home.
The national average on a 30-year mortgage dropped to 4.36% in August, lower than it has been in over 50 years! If you calculate the savings from August of last year, it represents a drop of $90 per month on a $200,000 home with 10% down. If you calculate the savings over the life of the loan--30 years--it's a savings of $175,424!
If you would like to get "pre-approved" for a mortgage and find out what you would qualify for, call us for some referrals for lenders.
This is a compelling reason why NOW is a great time to buy a home. Contact a Realtor today!!!!
