Central Arkansas Mortgage Rates
Now that the first time home buyer tax credit has ran out there is still an incentive for home buyers to buy a home, that is low interest rates. Currently interest rates for most homes in the Cabot area are around five percent. Here are some examples of possible monthly payments for Cabot home buyers.
$100,000 home at 4.75% interest rate, estimated taxes and insurance. Monthly payment $657
$100,000 home at 5% interest rate, estimated taxes and insurance. Monthly payment $672
$150,000 home at 4.75% interest rate, estimated taxes and insurance. Monthly payment $986
$150,000 home at 5% interest rate, estimated taxes and insurance. Monthly payment $1008
These are all estimated monthly payments. Please speak with a mortgage professional to obtain accurate payments and mortgage rates.
Any interest rates below 5.5% is awesome there are several people that still remember home mortgage rates above 12%. If you have any questions or would like for us to give you a list of local lenders feel free to visit www.cabot4sale.com and send us an email.
Good day