Interest Rates still Low on the Kenai Peninsula
Friday, January 27, 2012
Thinking about buying a home this year? With interest rates still at all time lows, now is the time to act. Rates for a 30 year FHA loan are at 3.5% this week, compared to 4.625% this time a year ago and 5.0% 2 years ago.
What does this drop in interest rates mean in the real world and specifically your house payment? How does almost $30,000 sound to you! If you buy a house at todays interest rates, you can can get a $30,000 more expensive house than you could 2 years ago and still have the same monthly payment.
With new houses coming on the market daily, call or e-mail us at Crane & Associates Realty and we can help you get started!