Rent vs. OwnHere's what it will cost you to buy a $235,000 home versus renting at $1,500 per month.Initial Costs$10,576$4,500Cost to buy includes 3.5% down payment and 1% closing costsCost to rent
Mortgage Rates Are On the Rise
Dated: March 1 2021
After hitting record lows month after month, mortgage rates have started to creep up, currently at 3 percent. But it's still a great time to purchase a new home, and I'm the agent to help you! Where are the rates now? “Since reaching a low point in January, mortgage rates have risen by more than 30 basis points, and the impact on purchase demand has been noticeable,” said Sam Khater, Freddie Mac’s Chief Economist. “While purchase activity remains high, it has cooled off over the last few weeks and is currently on par with early March, prior to the pandemic. However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.” Learn more at Freddie Mac #thehelpfulagent #home #houseexpert #house #homeowner #househunting #realestate #realestateagent #dreamhome #homeowners #icanhelp #themoreyouknow #finances #investment #smartmoney
Kandi Phillips, your Florida REALTOR® Serving Naples, Ave Maria, Orangetree, Bonita Springs, Estero, Fort Myers, Cape Coral, Lehigh Acres and Labelle. Kandi Phillips embodies integrity, hard work, p....