May 2011

Found 1 blog entry for May 2011.

Why Buy New Homes in Communities like Eagle Landing or Oakleaf Plantation?

Why wouldn’t you shop for a new home while looking to make a move?

You don’t think they are affordable? Well that isn’t the case anymore. The average price of a new home can beaerial-oakleaf_740 anywhere from $190,000 - $215,000 depending on the location and mortgage rates are as low as they’ve ever been in 2011 says Big Builder online.

Freddie Mac said Thursday the average rate on the 30-year loan fell to 4.63 percent from 4.71. The average rate on the 15-year fixed mortgage slipped to 3.82 percent from 3.89 percent. Both are at their lowest points since December.

At $190,000 and 4.63% you are looking at a principal and interest payment of only $953 a month for a 3.5% Down payment FHA

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