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