Monday, September 30, 2019 / by Larry Martin
What do today’s low rates mean for you? Let’s discuss.
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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.