It's no joke interest rates are super low and the talk is that we will see a surge in more people buying real estate in Mandeville. After the election is behind us in, 29 days but who is counting? I was crunching some numbers, comparing rates 24 months ago. Rates are 2% lower today.
If your interest rate is 2% lower today than 2 years ago you would save $111,008 dollars on a $250,000 home. Yea, It's that much and the average price range for a home in Mandeville is approx. $250,000.
Real Estate St.Tammany Parish is going up in value ever so slightly. More people are taking advantage of cost of todays money. The payment on a $250,000 home with 3.5% down is $1,515 per month. This includes taxes, insurance and mortgage insurance. The is the heart on Covington real estate.
If your looking to sell a home, check out these videos which explain exactly what I do different to insure your home sells fast and for the most money in todays market. www.SellWithWayne.com
Comments(0)