Rent or Buy
We Talk Homes.  |  Buy/Sell: 208.761.0070  |  Rent/Lease: 208.861.5647
  • Home
  • Buy - Sell
    • Buy
    • Sell
    • Current Listings
    • About Kim
    • Testimonials
  • Lease
    • Owners | Investors
    • Tenants
    • Available Listings
    • Property Showcase
    • About Merrill
    • Testimonials
    • For Agents
  • Blog
  • Contact

Buying / Selling / Leasing

Follow our Blog to keep up with area news + buying, selling, renting & leasing tips.

Contact Us

THE POWER OF LOW INTEREST RATES

11/1/2013

0 Comments

 
Picture
Are you on the fence about whether to purchase a new home in the Boise, Idaho area? Consider these important factors..............
Interest rates directly affect the price of the home a buyer can afford.  With interest rates continuing to hold at all time lows, and the predictions of higher rates in 2014 looming, now may be the perfect time to jump off the fence and take advantage of this increased buying power.
How significant is the buying power of lower rates?       Take the example of a buyer qualified to purchase a home for $200,000 at 4.5%. If the interest rate increases to 5%, the same buyer only qualifies for approximately $188,000. When rates jump to 5.5%, the buying power drops to approximately $178,000.  The difference is much more significant than most people think!
With interest rates over the last 30 years averaging close to 9%, and rates as of October 30th, 2013 at 4.125%, why wait?  NOW is the time to make your move!!!!

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Authors

    Kim Lindow
    Merrill Buckley

    Archives

    April 2015
    February 2015
    January 2015
    January 2014
    November 2013
    September 2013
    July 2013

    Categories

    All
    Best Buy Cities
    Boise Foothills
    Boise Greenbelt
    Boise Idaho
    Buying Power Of Low Interest Rates
    East Boise
    First Time Homebuyer
    Forbes
    Harris Ranch
    Home Shopping
    Investor
    Livibility
    Mill Station
    New Home
    New Home Purchase
    North End
    Retire In Boise
    Se Boise
    Surprise Valley
    Tax Benefits Of Home Ownership

    RSS Feed

© 2016 The Buckley Group  |  Website by chaplin designs, llc.
Picture