Mortgage Rates To Remain Low
According to a recent article, the Federal Reserve has expressed their plan to keep interest rates low through 2014. What that will mean to people buying homes in theBurlington, Vermont area is that homes will continue to be more affordable. Over the lifetime of a loan, with a 4% interest rate, compared to one that is at 6%, can be a difference of $50,000 over the life of the loan. Additionally, monthly payments at these lower rates can save people hundreds of dollars each month in payments. With that said, it is a great time to buy a home when you can reduce your cash out lay so dramatically.Get started onyour Vermont Real Estate home search.