Interest Rates (%) Take Another Dive!
Chris Gonzales of the Mother & Son Real Estate, Berkshire Hathaway Home Services CA Properties takes you through a brief history of the 30 Year mortgage interest rates in relation to today’s rates. We go all the way back to 1980 to show you just how crazy the 30 year mortgage interest rates were. Imagine buying a home at a time when you had to pay over 18% a year in interest to the bank for your loan! NO WAY!!! That’s what credit cards charge today when we use them and we all know that we need to stay away at all costs paying that type of interest on our credit cards.
In this video we show you that interest rates are are currently at a year and a half low! This very fact, we believe will bring strength to the real estate market this summer. Buyers will have more buying power with these lower rates. Sellers therefore may feel more confident in putting their homes up for sale knowing that can get more money for them! There may even be a refinance boom for those homeowners that want to stay in their homes. Homeowners can’t go wrong lowering their payments if they are committed to not selling for more than 5 years.
As always, we want to make ourselves available to you if you are thinking of buying or selling real estate. We’ll bring you the value that you deserve. Hiring the Mother & Son Real Estate team can potentially earn you more money than hiring an agent with no selling experience. Call us anytime. Ask for Maria (877) 883-1003
Interest Rates (%) Take Another Dive!
Chris Gonzales of the Mother & Son Real Estate, Berkshire Hathaway Home Services CA Properties takes you through a brief history of the 30 Year mortgage interest rates in relation to today’s rates. We go all the way back to 1980 to show you just how crazy the 30 year mortgage interest rates were. Imagine buying a home at a time when you had to pay over 18% a year in interest to the bank for your loan! NO WAY!!! That’s what credit cards charge today when we use them and we all know that we need to stay away at all costs paying that type of interest on our credit cards.
In this video we show you that interest rates are are currently at a year and a half low! This very fact, we believe will bring strength to the real estate market this summer. Buyers will have more buying power with these lower rates. Sellers therefore may feel more confident in putting their homes up for sale knowing that can get more money for them! There may even be a refinance boom for those homeowners that want to stay in their homes. Homeowners can’t go wrong lowering their payments if they are committed to not selling for more than 5 years.
As always, we want to make ourselves available to you if you are thinking of buying or selling real estate. We’ll bring you the value that you deserve. Hiring the Mother & Son Real Estate team can potentially earn you more money than hiring an agent with no selling experience. Call us anytime. Ask for Maria (877) 883-1003
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