Arkansas Real Estate | Deaton Group Realty

Little Rock, North Little Rock, Maumelle, Bryant, Benton, Sherwood and surrounding areas

Little Rock AR Real Estate

Mortgage on the Rise #2

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Ok, here’s the reality.  A few weeks ago, if you were looking to buy a $200,000 home, your payment would have been $926 a month (P&I).  Today, your payment will still be $926 per month, but you can only buy a house at $188,000!  BAM!  Reality Check!  For all those buyers waiting til the ‘bottom’ occurred to buy?  YOU MISSED IT!  Seriously, if you are thinking of needing to buy a home, you need to consider it quickly.  As interest rates rise, you have less purchasing power.  Let me know, I will be glad to discuss purchasing and finance options.

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By: on November 19th, 2010 Category: Uncategorized