interest rate 40 year low home buying purchasing: Interest Rates Hit a 40 Year Low!
- 05/16/12 04:43 AM
What would move you to purchase a home? Would it be the low price or the low interest rate? We have both right now, but let’s see what effect this has on a loan payment. According to Freddie Mac, for the week of May 10, 2012 30 year, interest rates hit a 40 year low for 30 year, fixed rate loans, at 3.83%.
Your monthly cost is actually what controls how much house you can afford, so it would stand to reason that is your purchasing power. We can compare rates by using the average interest rate of 8.9% … (1 comments)
What would move you to purchase a home? Would it be the low price or the low interest rate? We have both right now, but let’s see what effect this has on a loan payment. According to Freddie Mac, for the week of May 10, 2012 30 year, interest rates hit a 40 year low for 30 year, fixed rate loans, at 3.83%. 
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