# Low Mortgage Rates Mean Buying Power!

By
Real Estate Agent with Keller Williams

Low Mortgage Rates Mean Buying Power!

Mortgage Rates have declined to the point where they have reached historical lows!

So what does that mean to you? Let's do the math! If you had a loan at 7% interest on a \$250,000 house. Your monthly payment would be roughly \$1665.00 each month.

Now let's suppose you had a loan at today's interest rate of 3.79% on a \$250,000.00 house. Your monthly payment would roughly be only \$1163.00 each month.

That's around 500 dollars a month less each month!

Here is another example. Let's pretend you bought a \$150,000.00 house. Doing the math your payment at 7% would be around 1000 dollars and if you financed it at today's rate of 3.79 % it would be 700 dollars. Resulting in roughly a 300 dollar drop in house payment you would have to make each month or around \$700.00 per month.

What this gives you is buying power! You can now buy and afford a much more expensive house and afford it! Don't miss out on this opportunity of a life time. If you need to buy a house, please give me a call or email me!

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