• What Current Low Interest Rates Mean for You

    Monday, September 30, 2019   /   by Larry Martin

    What Current Low Interest Rates Mean for You

    What do today’s low rates mean for you? Let’s discuss.

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    Fall is a great time of year for real estate, and the best part of the season this year is the recent drop in interest rates. To clarify what makes this development so special, I recently sat down with financial expert and fellow agent Johnathan Arnold for a discussion on the subject.

    According to Jonathan, today’s market is prime for buyers who either couldn’t find a home earlier this year, or who simply want to take advantage of how affordable properties have become. For every 0.5% interest rates drop, a buyer’s monthly payment for a given home will go down by $30 for every $100,000 of the home’s total price.

    This is fantastic news for any buyer for whom money has been a barrier against their real estate goals. And low interest rates don’t just benefit homebuyers—they also benefit homeowners who might save money by refinancing their current mortgage.

    If you have any other questions or would like more information, feel free to give Johnathan or me a call or send either of us an email. We look forward to hearing from you soon.

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