The Impact Your Interest Rate Has on Your Buying Power in Albuquerque

Some Highlights:

• Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.
• Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are experiencing now.
• Your purchasing power is greatly impacted by the interest rate you secure. Act now before rates go up!

Today’s Rates in Albuquerque (courtesy Bank of Albuquerque) 

• Conventional 30 year fixed rates currently priced at 4.125%.
• Conventional 15 year fixed rates currently priced at 3.25%.
• FHA & VA 30 year fixed rates currently priced at 3.75%.
• FHA and VA 15 year fixed rates currently priced at 3.25%.
• Jumbo 30 year fixed rates currently priced at 4.25%.
• Jumbo 15 year fixed rates currently priced at 3.75%.

Source: http://www.simplifyingthemarket.com/en/feed/?a=217019-f2452a8f8cdc42dd481fd452124719d3

Linda DeVlieg Killman

Let me, an Albuquerque real estate broker, help you find your dream home or sell your current home - with a personalized marketing program set up for your needs and expectations. I want to be your first source for real estate information and I am the number one Internet real estate expert in Albuquerque. Specializing in all Albuquerque neighborhoods and the beautiful area of Chama Valley in Northern New Mexico. Contact me today to get started!