Bloomberg news: Mortgage Rates for 30-Year Loans Decline to Record 4.36%, Freddie Mac Says

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Rates are amazingly low.

 

If you bought  a house for $500,000 with 20% down and got a 30yr fixed at 4.375% your monthly payment would be $2,397.

 

At 6% your monthly payment becomes $2,878 or $481 higher per month. So you’re saving $5,772 per year and over 30 years that equates to $173,160.

 

Mortgage Rates for 30-Year Loans Decline to Record 4.36%, Freddie Mac Says

 

http://www.bloomberg.com/news/2010-08-26/mortgage-rates-for-30-year-loans-decline-to-record-4-36-freddie-mac-says.html

 

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