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homes for sale torrance: Is this the Final Interest Rate Cuts by the Feds? Buyer Alert! - 05/09/08 01:03 PM
This is an interesting factor that we need to take into consideration if you are a buyer that is waiting for the real estate market to drop further, please don't forget to factor in the interest rate increase.
This can save you hundresd of thousands of dollars. Yes, Hundreds of thousands of dollars in interest. If your rate goes up 1% on a loan of $500,000.00 it will cost you an additional $250,000.00 in interest over a 30 year period.
Don't be pennywise and pound foolish. I have included links below on this subject in detail for you here:
http://activerain.com/blogsview/487163/Interst-Rates-up-Dont … (0 comments)

 

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