For home buyers (who typically move every 5-7 years), this means that on a home priced at $200,000, this rate will drop their payment by $212 a month, or a savings of $2,500 a year! That's a good chunk of change- when you figure that over 5 years,it's over $10,000!!
If you are thinking about buying a home this year- with the $8,000 Tax Credit, the mortgage rates at a 39-year low, high inventory of homes for sale, there's never been a better time! So, what are you waiting for? Let's go find that new home for you. Don't just be wishing you had bought that new home- DO IT NOW! ... be proactive, save yourself a whole lot of money & start living your homeowner dreams NOW.