FED Chairmain “ECONOMY out of Danger” – Interest rates likely to rise. Save thousands by buying now.
Looks like now might really be the time to look at making your purchase in Lake Havasu City. Last monday, the FED Chairman Ben Bernanke said he feels the “risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”
In plain English – experts are interpreting this as him saying we’re out of the danger zone in our American economy. READ BETWEEN THE LINES: Interest rate hikes are about to come. Experts are predicting a 0.25% increase for October.
The FED is now going to focus their efforts on stablizing inflation – and the interest rates we’ve seen dropped to stimulate growth and pull the economy out of its funk are all going to start rebounding.
What does this mean to you? Don’t lose your opportunity for purchase THIS SUMMER.
Check out how much you’ll save over the course of a 30 year loan if you buy now instead of waiting for the interest rates to rise:
| Loan Amount | Interest Rate | Monthly Payment |
| $150,000 | 6.00% | $899 |
| $150,000 | 6.25% | $924 |
It’s $25 bucks a month cheaper to borrow $150,000 dollars at 6.0% interest, saving you $9,000 DOLLARS over the life of the loan.
| $210,000 | 6.00% | $1,259 |
| $210,000 | 6.25% | $1,293 |
It’s $34 bucks a month cheaper to borrow $210,000 dollars at 6.0% interest, saving you $12,240 DOLLARS over the life of the loan.
| $410,000 | 6.00% | $2,458 |
| $410,000 | 6.25% | $2,524 |
It’s $66 bucks a month cheaper to borrow $410,000 dollars at 6.0% interest, saving you $23,760 DOLLARS over the life of the loan.
| $800,000 | 6.00% | $4,796 |
| $800,000 | 6.25% | $4,926 |
It’s $130 bucks a month cheaper to borrow $800,000 dollars at 6.0% interest, saving you $46,800 DOLLARS over the life of the loan.
