Janet's Fort Leonard Wood Blog

Do you realize rates are at 3.875%. Yes you heard me right 3.875%.   Rates have not ever, in our history, been this low.  When I started in Real Estate rates were at 12%, that is a big difference compared to todays rates.   A principal and interest payment on a $100,000.00 home at 12%  for 30 years was $1,028.61 per month.  At 3.875% a principal and interest payment would be $470.24.  They drop any lower, they will be paying you to borrow money.  I really do not think this will last, but while it is here, we better enjoy it and benefit from it.

So if you have been thinking of purchasing a home, now is definitely the time to do it.  This is a gift and everyone that can should take the advantage of it.  Real Estate has and always will be a great investment. 

Lets see what will happen next week with the rates!