Low Interest Rates make it a Great Time to Buy Your First Home.
Now is a great time to take that step into owning a home. As of today (October 24, 2011) the rate for a FHA loan are at 4%. The rate is amazing and exciting and now puts more people in the position to purchase a new home or move up into a larger home.
What does this low interest rate mean to you as a potential home owner?
Let’s go back five (5) years ago to 2006. At that time the rates were running in the 6%ish range. For this first example I will use 6.25% for 2006 compared to today rate for an FHA loan of 4%.
2006 Estimated Payment based on an FHA loan with 3.5% down payment at 6.25% Interest Rate
Today’s Estimated Payment based on an FHA loan with 3.5% down payment at 4% Interest Rate
Interested in buying a home? Give me a call today! With over 16 years of experience in the greater Pearland real estate market, I have the tools to help you buy or sell your home! Call me today at 281-412-2022!
Have a Blog Idea, A Real Estate Question, would like to spotlight an upcoming event or local business send an email to PearlandHomeTeam@aol.com.
Whether you are buying or selling Real Estate in Pearland Texas it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Pearland Texas home! For more information regarding Pearland Texas be sure to visit my website:
- PearlandHomeTeam.com - Homes for Sale in Pearland Texas, Schools, Home Selling Tips, Buying a Home Tips, Foreclosures, Weather and Community Information.
