Q1 2021 Interest Rates W/ Jim Keaty
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Hey, It’s Jim Keaty with Keaty Real Estate and today I just wanted to share this information with you!
As you can see interest rates are currently at an all-time low, hovering at around 2.7%!
That means that if you buy a home that is valued at $300,000 your monthly note will be around $1,200. This will not last forever!
All the experts are expecting interest raise to rise to over 3.4% by the end of the year. So that $1,200 is going to jump up an extra $200 (putting you around $1,400 a month), which doesn’t seem like too much right now – but if you consider that you are paying an extra $200 a month for 30 years- your spending over $60,000 extra on the same house.
Furthermore, your purchasing power drops by $25,000.
We want you to know all of this information so that you can make the best decision you can. If you can, this is the time to buy.
If you want to find out more, just reply to this e-mail or reach out to me:
My number is 337-344-4236
Thank you very much for your time, and I hope you find this information valuable!
– Love, Jim Keaty