Mortgage Rates So Low They Are Helping People Buy Dream Homes!

Rates are genuinely at the lowest levels we have ever seen in our country’s history.  Using recent history of 2001/2002 levels – and we thought rates were low then – realize that on the purchase of a $200,000 home with 20% down, homebuyers can save $236 PER MONTH due to a rate of 4.125% versus a rate of 6.5%.   That means in just five years, buyers will have saved $14,160 and be living in the same house….or perhaps they take that savings and translate it into purchasing a bit more expensive home.  Either way, mortgage rates at our current historic lows are compelling – and savvy buyers are taking advantage!

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