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.   {[}]

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Rate

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$100,000

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$150,000

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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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