Bigger homes for less money

Dated: 06/04/2012

Views: 2877

Bigger houses for less money

 

For the fifth straight week, fixed rate mortgages have reached new all time lows. A 15 year fixed rate mortgage fell below 3%, settling into uncharted territory, according to Freddie Mac’s weekly mortgage market survey.

In Upstate South Carolina, it seems home buyers are jumping at the chance to secure a home for their family at interest rates under 4% for a fixed 30 year mortgage. “Compared to a year ago, rates on 30-year fixed mortgage rates are almost 0.9 percentage points lower, which translates into nearly $1,200 less in annual payments on a $200,000 loan,” says Frank Nothaft, Freddie Mac’s chief economist.

“No more excuses, it’s time for home buyers to purchase! The new record low interest rates have pushed home affordability even higher,” says Ty Carey, Broker in Charge for Jackson Stanley, REALTORS, located in Easley South Carolina.

Go to www.jacksonstanley.com to search ALL area listings. It’s very user friendly and easy to navigate.

 

 

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Karen Stokes

Being from SC since birth I am familiar with the upstate area and all it has to offer. I have resided in the Powdersville/Easley area for 25yrs because of the small town feel and convenience of Greenv....

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