Lower Interest Rates can lower monthly payment or increase buying Power!
Granted a lower interest rate will reduce the amount of interest paid during the term of a loan. A lower interest rate can increase buying power as well. A difference of 2% interest on the principal can make up to a 28% difference on the monthly payment obligation.
Below is an example of interest to borrowed amount;
$100,000 at 6% for 15 Years = &
The Winter Real Estate Market in Huntingdon County
This winter has been a relatively warm winter other than a few cold days here and there. This has helped the local Real Estate market in Central Pennsylvania stay warm. The lower interest rate has helped keep the marketing moving along with favorable pricing on homes in the area.
Vacation properties have been selling as well. People like to acquire their vacation property before the new season... [MORE]