Buy Myrtle Beach Real Estate - Now is the time

By
Real Estate Broker/Owner with Jerry Pinkas Real Estate Experts

Mortgage Rates have been relatively low over the last month. This week, they are in the news by falling to a new all time historical low. The 30 year rate fell from 4.75 to 4.69 this week.   Jun 24, 2010
30-fixed 4.69 15-fixed 4.13 5 ARM 3.84 1 ARM 3.77

Jun 17, 2010
30-fixed 4.75 15-fixed 4.20 5 ARM 3.89 1 ARM 3.82

Jun 10, 2010
30-fixed 4.72 15-fixed 4.17 5 ARM 3.92 1 ARM 3.91

Jun 03, 2010
30-fixed 4.79 15-fixed 4.20 5 ARM 3.94 1 ARM 3.95

May 13, 2010

30-fixed 4.93 15-fixed 4.30 5 ARM 3.95 1 ARM 4.02

So in addition to looking at mortgage rates it's also helpful to look at mortgage payments. We took today's rates and translated them into a mortgage payment for a 200k loan. We also did the same things with rates from May 13th.

Jun 24
30-year $1036.07
15-year $1492.43
5-year ARM $936.47
1-year ARM $928.5

May 13
30-year $1065.1
15-year $1509.62
5-year ARM $949.07
1-year ARM $957.13

So although rates were already pretty low on May 13th today a payment on a 200k loan is about $30 less a month for a drop of a little less than 3 percent.   If you have been thinking about buying a place in Myrtle Beach, and no one has told you yet......Now is the time to buy.    Buy when they are selling and sell when they are buying!  That is when the big money is made!   Interest rates are low, great deals on foreclosures and bank owned properties, you may even throw in potential rental income.  Now is the time to buy.  

  

Are You Ready to get the inside track on the Myrtle Beach Real Estate Market?

 Sign up for VIP Myrtle Beach Foreclosures  Listing alerts ---> http://www.BuyBankOwnedMyrtleBeach.com/

 

Jerry  Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. We Guarantee Results!  Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 839-9870; Put our team to work for you today.

Buy Myrtle Beach Real Estate - Now is the time

Posted by

Coastal Carolinas Top Real Estate Firm - Serving Myrtle Beach, North Myrtle Beach, Surfside, Garden City, Murrells Inlet, Loris, Longs, and Conway SC

 

Jerry Pinkas Real Estate

Jerry Pinkas Real Estate Experts

https://www.jprealestateexperts.com/

https://www.myrtlebeachcondoforsale.net/

 

 

843-839-9870 - 604 N. 27th Ave. Myrtle Beach, SC 29577 

 

Helping Sellers and Buyers Achieve their Dreams

Visit our website http://www.homeguidemyrtlebeach.com for more information.

 

 

 

 We Look Forward to Answering Your Questions and Helping YOU... Talk Soon!

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
South Carolina Horry County Myrtle Beach
Tags:
now is the time
buy myrtle beach real estate
is it a goog time to buy myrtle beash real estate
should i buy a myrtle beach condo

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
283,755

Jerry Pinkas 843-839-9870 HOMEGUIDEMYRTLEBEACH.COM

Myrtle Beach Condos, Homes and Properties for Sale
Ask me a question
*
*
*
*
Spam prevention