Today's interest rates are the lowest they have been since 1971! That combined with lower home prices throughout Massachusetts make now the perfect time to buy. If you are on the fence, take a look at this video. If you still aren't convinced that interest rates are incentive enough to get into the market - talk to your parents or anyone else you know who bought a home in the 80's when interest rates topped out at about 14%. Your loan rate can be the difference that makes owning a home affordable versus out of reach.
Great rates by the way I purchased a $350,000 home in 1982 with an interest rate of 193/4 percent.
I also can't believe the rates are so low. I am so upset I can't take advantage of them to refi my rentals since my income has taken a hit the last few years. Ouch!
Thanks Ron - too bad the thumbnail that YouTube gave it is so awful! Ha ha
Tim - You have great experience to share with your buyers about why interest rates are so important!
Bryan - I know the feeling! I'm kicking myself for refinancing so early last year to get in at 5 1/2.
rates are unbelievable!!
I actually have an appointment tomorrow for a refi on my home.
LORI: Rates are super fantastic My clients actually at their closing on Thursday bought their first home in North Smithfield, RI with a 3.785% rate fixed. Unbelievable how low the rates are going. BTW I was the first Exclusive Buyer's Agent in RI in 1991. ♥ representing buyers as my clients and saving them lots of money.
Comments(6)