Real estate "WHY YOU WAITING" question-with some answers?? Please - TopicsExpress

Real estate "WHY YOU WAITING" question-with some answers?? Please reconfirm info w/ your lender or let me put you in touch w/ one. Wednesday interest rates went up about ½% & they also increased Thursday. These rates went from around 3.75% for a 30 year fixed rate about a month ago, to around 4.625% yesterday. WHAT DOES THIS MEAN ? IT CAN MEAN: If you borrow $130,000 @ 3.75% for 30 years your monthly principal and interest payment is = $602.05. Borrow that same amount - $130,000 @ 4.75% for 30 years and your monthly principal and interest payment is = $678.14. It will now cost you $76.00 more per month for the same home.

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