Shirley Kistler's Real Estate Blog: Serving your Real Estate Needs in Sacramento, Placer and El Dorado Counties » Low Interest Rates http://shirleykistler.com Wed, 25 Jan 2012 09:00:08 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Taking advantage of today’s low Sacramento interest rates http://shirleykistler.com/2010/07/22/taking-advantage-of-todays-low-sacramento-interest-rates/ http://shirleykistler.com/2010/07/22/taking-advantage-of-todays-low-sacramento-interest-rates/#comments Thu, 22 Jul 2010 22:50:07 +0000 Shirley Kistler http://skistler.blogs.rwnetwork.com/?p=267
Ranch style home in North Salinas, California
Image via Wikipedia

In the past 32 years working in the real estate industry, I have not experienced a 4-1/2 % interest rate on a 30-year fixed rate loan.   It is time to give a lot of thought to purchasing a  home in this market. 

Are you concerned that  home values may decline?   

Sure, it is possible but will you ever see 4-1/2% again?   That equates to $450 for every $100,000 in the purchase price of your home.  Can you rent for that monthly payment?  I doubt it.  Lets also not forget the tax benefits of owning your own home and the freedom of making your house a home for you and family.

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