Lower Interest Rates and Declining Home Prices = Big Saving for Buyers

February 2nd, 2009

Lower home prices and lower financing rates mean good news for purchasing power in today's real estate market!  Let me give you a hypothetical example of a home that was listed for 

$759,000 in November 2008 that has now been reduced by 8%:

 

November 2008
Purchase Price - $ 759,000
Down payment -  $ 75, ...