is this good time to buy?
Let's see, mortgage rates after ranging from
3.96% to 4.95% in 2011, the average mortgage rate for the year was about 4.45% - never seen
before in the history of the United States.
Now what are the odds that interest rates will stay this low? The chances of of interest rates rising by 1%
is about twenty (20) times more than home prices going down another 10%.
Back in 1990, a $100,000 home was costing about
$877 per month. Today the same home is about $200,000 and costing about $890 at
4.45% rate.
Visit My Website http://www.homesbysohail.com/
About Me
- Team Sohail
- Sohail is a Founding Member of International Luxury Society and Sohail is now a International Real Estate Specialist, aka IRES. Having said this, we can better position the marketing of the properties those are listed with Sohail of Keller Williams Real Estate. A service owners/builders dreamed of is now available with Team Sohail. Please contact us should you need more information on this. He Cares, He Listens, He Gets Results!
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