interest rates: Who needs tax credits?
- 07/20/10 01:28 PM
I know many buyers were bummed when the tax credits ended. But with rates this low, who needs tax credits? Consider this...if you were to buy a $200,000 home at 4.5% vs. 5.5% (which is approximately what rates were during the tax credit months) you would save approximately $50,000 over 30 years. So as great as getting $8,000 was, saving $50,000 is even better! Home prices are still favorable, rates are incredible and this opportunity to get into an affordable home won't last forever. So as the saying goes "Carpe Diem," sieze the day! Casey & Jennifer Johnson Keller Williams www.caseyandjennifer.net … (1 comments)
I know many buyers were bummed when the tax credits ended. But with rates this low, who needs tax credits? Consider this...if you were to buy a $200,000 home at 4.5% vs. 5.5% (which is approximately what rates were during the tax credit months) you would save approximately $50,000 over 30 years. So as great as getting $8,000 was, saving $50,000 is even better! Home prices are still favorable, rates are incredible and this opportunity to get into an affordable home won't last forever. So as the saying goes "Carpe Diem," sieze the day!;)
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