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Realty Blog By Monica

Interest Rates and Your Buying Power

2
December 16, 2016 - Home Buying, Market Conditions

Yes, interest rates were just increased .25% in December but are still historically low.  Look how much more of a home you can afford today than you could in decades past (double since the 1980s).  2017 will still be one of the best years to purchase a home so let’s get started!

Image courtesy of Keeping Current Matters

Source: simplifyingthemarket.com

Monica Foster December 16, 2016
Tags:   ClearLakeCityclearlakerealestateFriendswoodfriendswoodrealestateHoustonhoustonrealestateKemahLeagueCityleaguecityrealestatePearlandPearlandRealEstateRealEstateSeabrookseabrookrealestate

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2 COMMENTS

  1. Chris Thacker
    Chris Thacker
    January 6, 2017  - Reply

    Good post. I have been a LO for 15 years, and when i started i was getting home owners out of double digit rates on a 30 year and putting them in 6 and 7 % on a 15 year and their payments decreased. Its still a great time to buy.

    • Realty By Monica - Monica Foster Team of Re/max Space Center
      Realty By Monica - Monica Foster Team of Re/max Space Center
      January 7, 2017  - Reply

      I agree!

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