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mortgage rates: Low Mortgage Rates Mean Buying Power!
- 07/15/12 07:47 AM
Low Mortgage Rates Mean Buying Power! Mortgage Rates have declined to the point where they have reached historical lows! So what does that mean to you? Let's do the math! If you had a loan at 7% interest on a $250,000 house. Your monthly payment would be roughly $1665.00 each month. Now let's suppose you had a loan at today's interest rate of 3.79% on a $250,000.00 house. Your monthly payment would roughly be only $1163.00 each month. That's around 500 dollars a month less each month! Here is another example. Let's pretend you bought a $150,000.00 house. Doing the math your
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