What a difference a year makes....
Good Monday morning to you!
If you've read anything about the Real Estate market over the past 3 years, the main buzz was the 1st Time Home Buyer and Repeat Buyer Federal Tax Credits. This $8000 tax credit sent a wave of buyers into all markets...and, rightfully so.
However, in less than 6 months, interest rates have fallen on a 30 year fix from 5.25% to 4.25%. At a loan amount of $200,000, this is over $43,000 in savings over the life of that loan. The last time I checked, $43,000 was greater than $8,000...what a difference a year makes. The chart below puts this into great perspective.
To keep an eye on all of the opportunities that are hitting the market each day, remember to log in @ www.TheFallsHomeFinder.com. This has quickly become the best site for the buyer/investor in North Texas.
If you're thinking about taking advantage of these rates and moving up, see www.TexomaHomeValue.com for a free market analysis of your property.
If I can answer any other questions or serve someone you may know, please let me know.
Make it a great week and GO RANGERS!
"He who says he can, and he who says he can't both are usually correct." Confucius
