After all of the gloomy predictions about what a downgraded credit rating will do to our economy I was shocked to learn today that many of our recommended lenders are offering a 30 year fixed rate loan at 3.75%. Crazy! Just a few weeks ago rates were hovering around 5%. What does that mean to you? On a 30 year fixed rate FHA loan for $120,000 your payment at a 5% rate including Taxes, Insurance, Mortgage Insurance and Interest is around $1065/month. At 3.75% that number drops below $1000/month to a shocking $979/month! If you buy our least expensive home, priced at $99,490, your payment becomes $812/month.
Why would you not buy today? With prices and rates so low, you can’t miss this opportunity to invest in your future!
to 8825 Highland Orchard, pictured above.