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Mortgage rates are at rock bottom and won’t stay there forever!

By Randy Elgin

Real Estate Agent with Option One Real Estate

August 01, 2011 02:38 AM

Mortgage rates are at rock bottom and won’t stay there forever!

The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in August 2010—lower than it’s been in the past half century. Interest rates for the same time last year averaged 5.19 percent, representing a difference of $90 in the monthly payment on a $200,000 home with 10 percent down, as well as a savings of $32,460 over the life of the loan. For more reasons why now is prime time to buy an Affordable San Antonio Home, contact Randy Elgin me and I’ll send you the free ebook 7 Reasons Why Now is a Great Time to Buy a Home!

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Randy Elgin

Sells Affordable Homes for sale in the San Antonio

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Author Bio: Randy Elgin specializes in affordable homes for sale in Northwest San Antonio, TX. He serves residential, commercial and investor clients. He believes a needs analysis is an important first step and understanding what their goals are and how to help them achieve those goals is paramount.

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