Keeping Your Eye On Interest Rates

Buyers who wait for the market property values to decline run the very obvious risk of paying more annualized if rates increase. If rates go up a simple 1% buyers who were qualified for a $600,000 will now only qualify for a $550,000 home. Hoping values decrease by another 10 or 15 percent is a big chance to take. Historically rates are higher than today and many financial companies estimate the rates at 6.5 by year end. BUY NOW while there is a good inventory and the interest rates are at historic lows.

Interest Rates
	4.50%	5.00%	5.50%	6.00%	6.50%	7.00%
$200,000	$1,013.00	$1,074.00	$1,136.00	$1,199.00	$1,264.00	$1,331.00
$300,000	$1,520.00	$1,610.00	$1,703.00	$1,799.00	$1,896.00	$1,996.00
$400,000	$2,027.00	$2,147.00	$2,271.00	$2,398.00	$2,528.00	$2,661.00
$500,000	$2,533.00	$2,684.00	$2,839.00	$2,998.00	$3,160.00	$3,247.00
$600,000	$3,040.00	$3,221.00	$3,407.00	$3,597.00	$3,792.00	$3,992.00
$700,000	$3,547.00	$3,758.00	$3,975.00	$4,197.00	$4,424.00	$4,657.00
$800,000	$4,053.00	$4,295.00	$4,542.00	$4,796.00	*$5,057.00	$5,322.00
$900,000	$4,560.00	$4,831.00	$5,110.00	$5,396.00	$5,689.00	$5,988.00
$1,000,000	*$5,067.00	$5,368.00	$5,678.00	$5,996.00	$6,321.00	$6,653.00

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web