Taste Tuolumne

Musings on Food, Fun & Real Estate in the Mother Lode

Mortgage Rates Drop To Record Low

According to this article on msn.com today, fixed mortgage rates fell to a new record low of 3.89 percent. Low interest rates coupled with low prices have made homes very affordable here in Tuolumne County.

When interest rates go back up, so will the cost of owning a home. The graph below shows exactly what a difference interest rates make in monthly mortgage payments.  

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: