Should you be buying in this market? Well it depends… do you see the interest rates going up anytime soon? Do you like to save money? There have been multiple reports that interest rates will be going up several times over the course of the next year. How high? Well, no one really knows at this point. It wasn’t too long ago that we were in the 6.00% land. Why wouldn’t you want to lock in on these low rates?
What does that mean to you? I’m glad you asked! Interest rates have been hovering around 4.00% to 4.25% recently. Here is a little breakdown to compare savings.
Payment Summary
| Interest Rate | MONTHLY PAYMENT | TOTAL PRINCIPAL PAID | TOTAL INTEREST PAID | TOTAL PAID |
|---|---|---|---|---|
| 4.25% 4.75% 5.25% |
$1,475 $1,565 $1,656 |
$300,000 $300,000 $300,000 |
$231,295 $263,379 $296,380 |
$531,295 $563,379 $596,380 |
So if you have been going back and forth on deciding to buy today might be a good time. Give me a call and let’s discuss!
Joshua T. Novy – TeleQuest Realty
joshua@novyknows.com – 773.454.5595
http://www.novyknowschicago.com
novyknowschicago.com 
We are interested in purchasing a house kindly get back to me with the one available and the best price
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Thank you so much for reaching out! I would love to help. Are you in the city to start looking? I can send over s quick questionnaire to learn what your looking for. Feel free to email me at joshua@novyknows.com!
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