It seems counter intuitive to me, but although S&P downgraded the nation’s credit rating, mortgage rates didn’t go up. They continue to drop. This morning I got this note from Matt Haywood over at US Bank:
These are the lowest rates I’ve seen in my 11 years as a mortgage loan officer!
Great time to buy or refi!
So according to the flyer below, if your mortgage payments are around $950 per month for a $200,000 home (not counting taxes and insurance), what does $200K buy around here? Here’s a link to 63 Redding California area homes for sale that are in that price range. Some nice ones.