Interest Rates are at an all time low. Interest rates fell below 5 percent for the third week this year!
Lets turn this into numbers:
| 100,000 | per month | $536.82 |
| 150,000 | per month | $805.23 |
| 200,000 | per month | $1073.64 |
| 250,000 | per month | $1342.05 |
| 300,000 | per month | $1610.46 |
| 350,000 | per month | $1878.88 |
| 400,000 | per month | $2147.29 |
Calculation are based on 5% rate for 30 years. Consult your bank or lender to see what rate you are eligiable for as rates may vary.
Either way, home price drops and such low rates, will indicate that many people are buying or that they are going to buy soon. The less inventory the more chances prices slightly begin to climb.
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