Sub 4% Interest Rates Available In Kansas City

LOWEST RATES EVER RECORDED SINCE FREDDIE MAC STARTED TRACKING IN 1971 The First Time Home Buyer Tax Credit of 2009 was estimated to increase home sales as much as 15% overall. The extension of the FTH Buyer Tax Credit and additional $6500 tax credit to sellers, had an early impact on sales in 2010 but appear to be slowing the second half of the year. If you were to compare the amount of interest for a 200,000 loan a little over a year ago vs. today, you would save almost $45,000 in interest. A $37,000 savings over the $8,000 tax credit, if you qualified for it. Did You Know! For every 1% increase in mortgage interest rates, for the same payment, you lose 10% in purchasing power. That means that $350,000 home you could afford at 4.25% becomes a $315,000 home at 5.25% when rates go up. Question of the day, what rate would it take to get you off the fence to buy a home?