Fun Fact of the Day, October 17, 2019

October 17, 2019

Bigger Loan - On 1/03/19, the national average interest rate for a 30-year fixed rate mortgage was 4.51%, producing a $507 monthly “principal and interest” payment per $100,000 borrowed. The same $507 payment at last week’s 3.64% national average would allow a home buyer to borrow $111,027 (source: Fannie Mae).

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