Interest rates plunged nearly 1/2 a point on the news of the Federal bailout for the mortgage powerhouses of Fannie Mae and Freddie Mac. Interest rates that were 6.26 have suddenly fallen to 5.88%, the best deal in the last eight months. Mortgage lenders are warning that this is temporary, and they are bound to go up soon. In the meantime take advantage! On a 200K loan for 30 years the difference would be $49 a month. Almost $600 a year. The average homeowner owns a house for seven years before moving, so that is an average savings of $4,200!
If you are looking to buy, now is the time! Both Bryan and College Station real estate have consistantly been good investments.
Call today! (979)575-7765 for Coti or (979)574-1084 for Chris
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