INTEREST RATES ARE PREDICTED TO RISE

Dated: September 21 2016

Views: 102

INTEREST RATES ARE PREDICTED TO RISE, WALL STREET JOURNAL, Sept., 2016

DO YOU KNOW THE VALUE OF YOUR HOME?

HOUSING IS STILL MORE AFFORDABLE THAN EVER IN THE RECORDED HISTORY OF OUR COUNTRY!

Compare the cost/value of the average family expenses in 1989 versus the costs of 2016:

                                        1989            2016

Bread                            $0.67            $2.58

Gas/gallon                    $0.97            $2.84

New Car                        $15,350        $33,500

Existing Home              $94,000        $176,000

Mortgage Interest            10%                4.16%

Monthly Payment        $825               $859


Low interest rates allow more buyers to qualify for mortgage funds to buy your home, so home values rise.

DO YOU KNOW THE VALUE OF YOUR HOME???

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