Still So Low!

Despite some reports to the contrary, the “economic stimulus bill” does not contain any interest rate subsidy provisions. So, those who are waiting to take advantage of those lower rates should wait no longer. At the time of this writing, home mortgage interest rates continued to stay in the upper 4% to lower 5% range. Such rates are among the lowest available during the past 35+ years. As the table below indicates, now is the time to save money on the purchase of your next home.

For a $100,000, 30-year, fixed rate mortgage

Interest Rates 6.5% 6.0% 5.5% 5.0% 4.5%
Monthly P & I Payment $632.07 $599.55 $567.79 $536.82 $506.69

For more information contact me at slaunchbaugh@cbtulsa.com