Mortgage interest rates are the lowest since 1971 and home prices have reached their lowest point since 2002. Taken from the Global Insight, Inc.. Economist are saying , that it appears to be beginning to stabilize and only we the people can determine that, since we are the consumers and truly run this country! If you are in the position to invest in Real Estate, then this just might be your window of opportunity. With todays rates the savings on a $250,000., 30 year fixed mortgage would be $54,993 over the life of the loan. While most people are likely aware of the lower interest rates, very few do the math to see what the savings represent. It really does pay to do the math, after all Warren Buffet says" Now id the time to Buy" ! Now is the time to think of that retirement home, even if you are not planning on it for a while. If it is in a destination area, rent it out and block out the weeks for you and your family. Buy the time you go to retire, it is paid for or close to it. Think about it....really think about it and if you need to discuss options, feel free to contact me. I always make time for my clients and people in general.
Natalee Thurston
Natalee@ Washingtonhomesold.com
30 year high = October 9th ,1981 it was 18. 63%
30 year low = July 8th , 2010 it was 4.57%
15 year high = December 16, 1984 it was 8.89%
15 year low = July 1, 2010 it was 4.04%
5 year Arm high = June 29th, 2006 it was 6.39%
5 year Arm low = July 8th, 2010 it was 3.75%
Even if you are not thinking of selling and have a higher interest rate.. refinance, it may be your best and only chance for along time.
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