It’s an unbelievably good time to consider buying a home with prices down at least 20% from their 2007 highs and interest rates at almost historic lows. The average consumer has so much more buying power today as compared to years past.
The principal and interest payment on a 2007 house selling for $ 240,000 at 2006 interest rates would be $1,200. That same house selling at a 20% discount and at current interest rates is now $ 800. What is your opinion?
Andy Williams
President
Abacus Regional Mortgage
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