Welcome to San Diego Blog | February 15, 2013

Interest rates and mortgage payments

With interest rates at an all-time low, now is the perfect time to to buy. I’m sure we’ve all heard this by now, but how exactly does a 3% interest rate affect your monthly mortgage payment versus a 4 or 7% interest rate on a payment? Numbers talk. Yearly, a borrower can save around $3,600 (on a 30 year loan, making it around $108,000 saved during the duration of the loan!)

Although inventory is down in San Diego, if you are able to score that property and need a loan, now’s the best time!

For more information on buying or for any other real estate needs, give us a call: 619-356-3099.

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Written by: chad

Categories: Buyers, Downtown San Diego, Hillcrest, Mission Hills, Point Loma Real Estate, San Diego Real Estate

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