Tuesday, November 3, 2009

Home Sales in Moses Lake are up!

Home sales for Moses Lake for October are now in:

July sales: 30
August sales: 31
Sept sales: 25
October sales: 36!!!!!!!

It's still a buyer's market, so buyers, let's get you warmed up, visit with your lender and see what you can afford, and place an offer on the house of your dreams while the prices and interest rates are low. Rates are around 5 - 6%.

Did you know back in 1982 the rates were around 18%???

A $150,000 home at an interest rate of 5% is approximately $1,026 monthly.
That same home at 18% is a monthly payment of $2,482.

Let's look at some more estimated numbers for a $150,000 house with various interest rates, including property tax and homeowner's insurance.

At 6%: $1,120 monthly
7%: $1,219
8%: $1,322
9%: $1,428

It's all the same house, but different house payments. These interest rates can't stay low forever. Call me today and I'll get you set up with a lender, and we'll team up to find a house you can afford today!