Tuesday, April 23, 2013 - Article by: Edgar DeJesus - The DeJesus Group / ABC Lending Solutions, Inc. -
In 1980, the average home price was just over 90k. Now in day the average home price is just over 180k. Taxes and Insurance in the early 80's were about $150 per month less than they are today. However, mortgage rates back then were over 12%, compared to today's which are around 3.5%. The total mortgage payment for principal, interest, taxes, and insurance at an 80% loan to value today is $50 per month less than it would have been over 30 years ago. Let's factor inflation in the mix and prices today are just a slice of what they use to be 30 years ago. Don't wait to purchase your new home, now is the time. Call us today 813-299-8962 or visit us at www.thedejesusgroup.com
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