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Saturday, March 2, 2013

How Home Prices are Affected by Interest Rates

More Home... Less Money... The principal and interest portion of the payment on a home bought a few yrs ago for $136,000 at 6.5% int, would be the same as a $200,000 home today at today's rate of *3.50% interest! Its amazing how much more home you can afford now with these low rates! *rates change often, this rate used is for informational purposes only, please check with your lender for today's current rates.

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