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Now is the time to buy a home!

Posted by kim carpenter on March 21, 2012
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If you are on the fence wondering if now is a good time to buy a home, this graph might make your decision a little easier. I was really surprised when I received this graph from Dan Runge of Prime Lending showing mortgage rates over the last 30 years on 30 year rates.

 

 

 

 

 

 

 

 

 

 

 

 

 

My husband and I purchased our first home in 1983 when rates were 13.24%.  On a $100,000 mortgage the principal and interest would have been $1,124.99.  At today’s rate of 4.125%, the principal and interest would be $484.65.  That is a difference of $640.34.  Wow, that is amazing.

If this does convince you that now, what will?

Wanting to start your search?  Give me a call at 317-509-4000 or visit my website at www.kimsellsindy.com to begin the process.  I look forward to assisting you in the same manner I have my past clients, feel free to read my recommendations while on my website.

Creating friendships, one home at a time!

 

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