Good Monday morning to you!
Interest rates took another dip this week back to around 5% for the 30 year fixed and 4.5% for the 15 year fixed. I cannot stress enough how significant these rates, and they really have only one way they can go from here...up! See the graph below for some historical perspective.
While 1% may not seem like much, with a $200,000 loan there is a difference in total payments of $45,360 when comparing rates from 5% to 6%.
Call me today if you would like to set up a time to speak with someone about your next Real Estate loan.
Remember our sites for fast answers:
www.TheFallsHomeFinder.com - Info on all homes in MLS.
www.TexasBankOwned.com - Weekly Foreclosure List
www.TexomaHomeValue.com - Thinking of Selling?
www.WichitaFallsShortSale.com - Behind on your mortgage payment?
www.TalkRealty.com/AshtonGustafson - Market Update Pod Cast
Make it a great week.
"He who says he can and he who says he can't are both usually right." Confucius
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