Interest rates for home mortgages have begun to rise but there’s no reason to panic. Rates still remain historically low.
According to an article published in REALTOR® Magazine recently quoted mortgage rates rose from 3.5% to 4.125%. What this means to a typical buyer is that for every $1,000 borrowed on a 30 year loan your payment will rise by only thirty-six cents!
Owning a home is still the American Dream and, most importantly, is still attainable even with rising interest rates. Another thing to keep in mind is that, unlike rent payments, the interest on a mortgage payment is tax deductible.
Home ownership is still a bargain! Start looking for your piece of the American Dream here.
Author:Bonnie Onofrio Phone: 919-208-8007 Dated: January 6th 2017 Views: 199 About Bonnie: I have been a real estate broker in the Triangle area since 1985 handling sales of both new and resa...
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Grow Local Realty is a full service Raleigh NC Real Estate Company servicing Raleigh, Durham, Cary, Apex, Holly Springs, Clayton, Fuquay Varina, Garner, Wake Forest, Chapel Hill and all other Triangle areas including all of Wake County, Johnston County, Durham County, Orange County, Chatham County and Harnett County. We are dedicated to extraordinary customer service and are here to represent you with your next home purchase or the sale of your current home. Allow one our fantastic agents to assist you with your Raleigh NC Real Estate search.
Buying a home is, for many people, an essential part of the American d
"Wayne Hoose of Grow Local Realty
Wayne was terrific! He was always early (punctual), always very responsive to email, texts and phone messages. He was proactive and anticipated my needs. We had an unusual situation that made Wayne have to spend extra time doing things that are not normally a part of a residential real estate deal ( I was hoping to start a business which involved zoning and permits and such). Wayne went above and beyond the call of duty to answer questions that I had and did a great job for me!"