Buy a Home for Sale in Wichita-Interest Rates Dip Below 5%!

Mortgage Interest Rates have dipped below 5%!

The average rate on a 30-year fixed rate mortgage was 4.97 percent this week, down from 5.05 percent a week earlier, according to Freddie Mac. Now is a great time to Buy a home for sale in Wichita! Just a 1% difference in interest rates on a $100,000 loan can make a HUGE difference in your monthly payment.

For example:

Loan Amount of $100,000
Interest Rate of 6%
Payment amount=$599.55 (principal and interest only)

vs.

Loan Amount of $100,000
Interest Rate of 5%
Payment amount=$536.82 (principal and interest only)

Thats a Savings of $62.73 a month in your payment. Buying a home now with great low rates, a Buyers Market with lots of bargains and Tax Credits is a Smart Move!

Don't delay-these rates will go up. Take advantage-give me a call today or send me an email to get started.