172454 Resource 164804 165387 165387 1182290012424 1182290242594 Controlled Phoenix Real Estate, Buy Low, Buy Now

Good interest rates and lower home prices, means it's time to buy in Greater Phoenix

<p /><p align="justify">Interest rates have been going up.&nbsp; The <a href="http://www.bloomberg.com/markets/rates/index.html">Federal Reserve Target Rate</a> is at 5.25%.&nbsp; Several other countries have been increasing rates as US and major markets inflation inches up. This means that borrowed money will become more expensive increasing monthly payments for those who chose to finance their real estate.&nbsp; The trends are for further increases in interest rates. Because of this and the good buyers market it&rsquo;s a wonderful time to buy a home or investment now, to lock in current interest rates.&nbsp; </p><p align="justify">As an example.&nbsp; A home $260,000 (the median price of a home in Phoenix metro) with the current owner occupied conventional interest rate of 6.65% with 20% down payment will be $1,335. If the rate increases another 25 basis point, or 0.25% the rate will be 6.90% and the payment will be $1,370. This may seem like a small amount but over 5 years that is another $2,100 in interest payment. <br /></p><p align="justify">Though rates are a bit higher than they were, they are still quite low along with the market favor for buyers, this is a buy signal.&nbsp; Remember that saying, &quot;buy low, sell high&quot;, well this is the buy low period.<br /></p> 10 application/xml false current interest rates federal reserve targer rate invest in phoenix real estate phoenix real estate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web