Mortgage Rates Are At Rock Bottom And Won’t Stay There!

Oct
11

Posted by Lake Norman Homes Realty
Posted in Home Buyers Blog
0

The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in Aug 2010 – lower than it’s been in the past half century. Interest rates for the same time last year averaged 5.19 percent, representing a difference of $90 in the monthly payment on a $200,000 home with 10 percent down, as well as a savings of $32,460 over the life of the loan.

Small rate increases spell surprising cost spikes!

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Post Tagged with financing, home affordablility, home prices, homeownership, lake norman homes, lake norman real estate, mortgage rates

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Mortgage Rates Are At Rock Bottom And Won’t Stay There!

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