 |
 |
Low Home Prices + Really Low Mortgage Interest Rates = Fantastic Monthly Payments |
|
 March 2008 Annualized Median Sales Price = $197,000 March 2013 Annualized Median Sales Price = $175,000 March 2008 Average 30-Year Fixed Mortgage Interest Rate = 5.97% March 2013 Average 30-Year Fixed Mortgage Interest Rate = 3.57% The graph above shows the impact of combining low home prices and ultra low mortgage interest rates by analyzing the monthly payment (principal + interest) assuming 80% financing of the median sales price at the average mortgage interest rate. As you can see, this monthly payment would have been $942 back in March 2008, and is only $634 today. Today's low housing prices and historically low mortgage interest rates provide unique opportunities for home buyers! | |
 |
 |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Harrisonburg Foreclosures
Property Transfers
New Listings
