purchasing power

Is it any wonder that the market slump is turning around when we have the historical lows for interest rates that we have now. I can remember my 1st mortgage in 1990 that was at 13.50% and that's not a misprint! Now with mortgage rates that are less then half of that for 5 years the only concern is how secure is your job? If the job's OK and you have enough income at 5% amortized over 25 years you could borrow $200,000 for $1,164 a month. Some people are paying more than that in rent!

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Leslie Weir

Leslie Weir

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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