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:Brian Hargrove Phone: 919-830-5233 Dated: January 6th 2017 Views: 354 About Brian: ...
View our latest blog posts in your RSS reader. Click here to access.
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.
"Christine helped us buy our first home and could not have been better. She was extremely attentive, and timely with all of her responses. We absolutely needed her help with a difficult sale and multiple negotiations and she was always available to answer any questions or concerns we had. She went above and beyond all of our expectations for a realtor, especially as new home buyers. We will definitely be using her again for any future home buying/selling!!"