Home Loans California & Arizona

Interest Rates on a home loan today!

October 23rd, 2011 8:48 PM by Nathan Rufty

The lowest rates in 50 years and the medium home price today were about the same when I started in the business years ago but the rates were at 12% and people still bought homes. So with where the rates are at today, why aren't you buying, the rates do not move up and down as fast as home values, but the best thing about the rates is once you have a 4% rate that will not move if it is on a fix rate for 15 or 30 years. The value is another story, that can move up and down, but with your interest rate at 4% that is a better tried off, you have to live some where right. Live that some where, where you have the benefit to write a check each month for your home, not an apartment. Step up and purchase a home before the rates steadily increase.
Posted in:General
Posted by Nathan Rufty on October 23rd, 2011 8:48 PM

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