Mortgage rates for Teays Valley homes are at their lowest in years. According to the Freddie Mac Primary Mortgage Market Survey, the 30 year fixed rate is 3.99% and the 15 year fixed rate is 3.30%.
What does this mean for you if you are interested in buying a Teays Valley house for sale? You can now buy more house for the same amount of money.
For example, a house costing $250,000 would have a monthly payment of $1762.75 on a 15 year fixed rate. That same house just a few years ago when rates were double what they are now, would have cost $2150.38. That is a difference of $387.63 per month.
Spending that extra $387.63 a month, you could now purchase a Teays Valley house for sale listed at $305,000. That is a $55,000 difference.
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Search the MLS for Teays Valley, WV houses & real estate listings for sale.
About the Author: My name is Dale Samples and I am a REALTOR serving the Kanawha Valley. You can Call/Text me: (304) 741-4705.
Image: renjith krishnan / FreeDigitalPhotos.net
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I work with buyers & sellers in the Kanawha, Putnam, Jackson, Cabell, Lincoln, Boone counties of West Virginia.
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