Record low rates have made mortgage borrowing cheaper than even just a year ago, when rates were thought to be extremely favorable. At the time, 30-year loans had rates of about 4%.A homebuyer today would save about $27 a month for every $100,000 borrowed, compared with last November. That's a savings of $486 a year on a typical mortgage balance of $150,000.>>READ
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Weschester County NY Real Estate Agent Antoinette DeRose
www.antoinettederose.com
