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Steve Landreth, Realtor Helping Hands

SOUTHERN ILLINOIS REAL ESTATE NEWS!
INTEREST RATES MOVING UP!
For those of you looking to buy a home, interest rates have pushed higher by over 1/2% in the past 4 months!  Although still at historic lows, a 1% interest rate hike will mean an extra $1000 in added cost the 1st year and a decreasing amount for each year after.  On a 30 year mortgage, 1% could add an extra payback of $12000-14000 on a straight $100,000 mortgage!  Consider this if you are $1000 apart on the purchase price and feel you can't go more!  Visit my website at http://www.SteveLandreth.com
Posted: Friday, June 21, 2013 8:48 AM by Steve Landreth

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