Bloomberg.com reported yesterday
Mortgage rates in the U.S. fell for a fourth week, with the 15-year average hitting a record low, helping to strengthen the housing recovery.
With 30 year fixed rates hovering around 3.4% and the 15 year fixed at 2.61% rates have hit a historic low.
While home availability is tightening nationwide, the Page Lake Powell area has a good supply of homes to choose from and with these extremely low rates, buyer who have been waiting for the right time – that time looks to be now.
For a $200,000 dollar house with 10% down these rates look like this:
Principle and Interest Payments for a 30 year fixed rate come in at $798.00
Principle and Interest Payments for a 15 year fixed rate come in at $1,210.00
To both of these numbers you need to add in the taxes and insurance.
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