Tuesday, January 18, 2011

Market Update

This is still a great time to buy with ‎3 yr fixed rate at 4.71% and 15 yr at 4.08%. Keep in mind, most experts feel like rates could move upward this year and that can make a lot of difference in a monthly payment. A $200,000 loan at 4.75% vs 5.5% for 30 years fixed is $92 per month more in monthly payment and at $300,000 in loan amount that difference increases to $138 per month.

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