Horseshoe Trail has long been recognized in Huntsville as the “must-see” tour at Christmas. Cars line up to take a drive down the trail and look at the light show. This is your chance to own a piece of Horseshoe Trail with this six bedroom raised ranch. This home has granite counters, plenty of closet space and a backyard for entertaining. Gunite pool with new coping and large deck for grilling offers an outdoor oasis. The basement has a wet bar and home has two fireplaces for ambiance. Come out for a poolside cook-out this Sunday from 1-3pm and take a tour of the home. Home is offered at $299,600 and rates are on the rise so NOW IS THE TIME TO BUY! Financial analysts are predicting rates to jump above 5% in 2014. 7828 Horseshoe Trl 35802
Nationally, at today’s prices and rents, buying would be cheaper than renting until the 30-year fixed rate reaches 10.5%. San Jose has the lowest mortgage rate “tipping point” at 5.2%, followed by San Francisco and Honolulu.
The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed rate over the past month from 3.4% to 3.9% (Freddie Mac) raised the monthly payment on a $200,000 mortgage by $56, or 6%. However, because mortgage rates are still near long-term lows, and because prices fell so much after the housing bubble burst and remain low relative to rents even after recent price increases, buying is still much cheaper thanrenting. That means that the recent jump in rates doesn’t change the rent-versus-buy math much.
Rates are likely to keep rising, but how far must rates rise before buying a home starts…
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