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Low Interest Rates: Buyers should focus on Payment Not Price

October 9th, 2019 | by: Steve Pollack | Posted in : Marketing, Real Estate News, Local News

Now is the time to take advantage of low interest rates. Many buyers are incorrectly focusing on the price of the house, when they should be focusing on what their monthly payment boils down to. after all, they will be paying that amount for 30 years, so it's paramount that they find a payment that fits their budget, regardless of the house's price tag. As the chart below indicates, the current rates add up to thousands of dollars in savings over the long run, enabling people to purchase a home they otherwise might not be looking at.