Rising Interest Rates – Incredible Buying Power

If you have thought about a move, one item you have watched is interest rates.  While rates have risen over the last 90 days however they are still below 5%.  These are still unbelievable rates!  To give you an idea Stretching Dollarof the cost of these rates, below is a chart with payments.  A 4.5 % interest rate over a 30 year term for $100,000 is $507.  This is incredible buying power.  Remember rates will continue to move upward with the spring real estate market.   

We are working with some outstanding lenders that have great rates  If you are thinking of building those same lenders will lock in interest rates on a long-term – 6, 9 month – basis.  Contact us today to learn more.  

Rate

$100,000

$150,000

3.5%, 30 Year Fixed $449 $674
3.5%, 15 Year Fixed $715 $1073
4%, 30 Year Fixed $478 $716
4%, 15 Year Fixed $740 $1,110
4.5%, 30 Year Fixed $507 $760
4.5%, 15 Year Fixed $765 $1,148
5%, 30 Year Fixed $537 $805
5%, 15 Year Fixed $791 $1,187

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