With Interest Rates This Low it is a Great Time to Buy

Bloomberg.com reported yesterday

Mortgage rates in the U.S. fell for a fourth week, with the 15-year average hitting a record low, helping to strengthen the housing recovery.

With 30 year fixed rates hovering around 3.4% and the 15 year fixed at 2.61% rates have hit a historic low.

While home availability is tightening nationwide, the Page Lake Powell area has a good supply of homes to choose from and with these extremely low rates, buyer who have been waiting for the right time – that time looks to be now.

For a $200,000 dollar house with 10% down these rates look like this:

Principle and Interest Payments for a 30 year fixed rate come in at $798.00

Principle and Interest Payments for a 15 year fixed rate come in at $1,210.00

To both of these numbers you need to add in the taxes and insurance.

Want to know more? Give me a call at 928-691-6444

Search Lake Powell Homes For Sale

For More Information

Email Heather Rankin for Lake Powell Real Estate

Or Call 928-691-6444

Your Lake Powell REALTOR

Heather Rankin is a Realtor specializing in the Lake Powell areas of Page, AZ, 86040 and Greenehaven, AZ as well as Big Water, UT, 84741 including new home sales at Indigo Ridge.

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