If you need assistance, please call 252-355-3129

Your Purchasing Power of Homes for sale in Greenville NC

Tuesday, July 11, 2017   /   by Willie Smith

Your Purchasing Power of Homes for sale in Greenville NC

Now is the best time to buy homes for sale in Greenville NC, According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! Rates are up .08% from last month.

You may be wondering what's the big deal in 1% increase in rates, how will this effect my purchasing power for homes for sale in Greenville NC?

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

Lets assume you are buying a home for sale in Greenville NC where the median sales price is $148,500 according to the The Shackelford Report. Your mortgage payment would be $678 @ 3.96%, if your rate goes up just 1% point, your mortgage payment would be $763 @4.96%. That is an $85 difference in monthly payment, which over the life of the loan, that is an $30,600 difference!

Simply put, take advantage of the low interest and start looking for your next house for sale in Greenville, NC Today!

  apartments in greenville, homes for sale in greenville, houses for sale in greenville, nc, greenville nc real estate, greenville nc homes for sale

United Real Estate
1440 East Arlington Blvd Suite A
Greenville, NC 27858

3713 Nash St NW
Wilson, NC 27896

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.” Listings were last updated June 12, 2024
This site powered by CINC: www.cincpro.com