The current interest rates being offered to home buyers are so low they are literally jaw-dropping! If there was ever a #1 reason to buy Chester VA homes for sale, it would be solely for this reason alone: Historically low interest rates.
The interest rate that you get locked in on today (whether it is a 30 year fixed, 15 year fixed or a type of ARM loan) will affect each of your monthly payments for a very long time to come. Upon checking the benchmark 30 year fixed rate today, I found it was just 5.38%. Please visit my webpage "Real Estate Mortgage Calculators", to determine how much your mortgage will be based on the current interest rates given.
Below are the results of the weekly national mortgage survey from September 16, 2009, which Bankrate.com provides each week:
|
Results of Sept. 16, 2009, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:
|
| |
30-year fixed |
15-year fixed |
5-year ARM |
| This week's rate: |
5.38% |
4.72% |
4.89% |
| Change from last week: |
-0.02 |
-0.03 |
N/C |
| Monthly payment: |
$927.56 |
$1,298.80 |
$926.53 |
| Change from last week: |
-$2.06 |
-$2.55 |
N/C |
For more information on interest rates and they affect your purchase of a Chester VA home for sale, please contact me at 804.733.6175 or via email at mike@mikemay.com.
Comments (0)
Please contact us if you have any questions or comments.