Friday, December 19, 2008

Mortgage rates tumble to lowest since 1971

Banks are lending money!
Most of you have heard by now about the interest rates dropping.
This means you can buy more house for your money,

Example $300,000 loan for 30 years fixed rate,
$1610.46 payment at 5% interest rate
$1,798.65 payment at 6% interest rate

That reduces your payment by $188.19 a month

Or allow you to spend $35,056.34 more on a home

Click HERE to read about interest rate drops





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