Real estate blog entries tagged with buy a home in wichita by Laurie Engle, Realtor Associate Broker (Mike Grbic Team Realtors)

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Home : Blogs : Laurie Engle, Realtor Associate Broker : Wichita Real Estate Update : Tag "buy a home in wichita"

buy a home in wichita: Buy a Home for Sale in Wichita-Interest Rates Dip Below 5%! - 03/08/10 05:26 PM

Mortgage Interest Rates have dipped below 5%!
The average rate on a 30-year fixed rate mortgage was 4.97 percent this week, down from 5.05 percent a week earlier, according to Freddie Mac. Now is a great time to Buy a home for sale in Wichita! Just a 1% difference in interest rates on a $100,000 loan can make a HUGE difference in your monthly payment.
For example:
Loan Amount of $100,000Interest Rate of 6%Payment amount=$599.55 (principal and interest only)
vs.
Loan Amount of $100,000Interest Rate of 5%Payment amount=$536.82 (principal and interest only)
Thats a Savings of $62.73 a month in … (0 comments)

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Laurie Engle, Realtor Associate Broker

Wichita, KS

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Mike Grbic Team Realtors

Address: 1445 North Rock Rd, Ste 125, Wichita, KS, 67206

Office Phone: (316) 409-1006

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