Burlington Vermont Hopes to Capitalize on Low Interest Rates
Friday, January 27th, 2012According to a recent article, the Federal Reserve has expressed their plan to keep interest rates low through 2014. What that will mean to people buying homes in the Burlington, Vermont area is that homes will continue to be more affordable. Over the lifetime of a loan, with a 4% interest rate, compared to one that is at 6%, can be a difference of $50,000 over the life of the loan. Additionally, monthly payments at these lower rates can save people hundreds of dollars each month in payments. With that said, it is a great time to buy a home when you can reduce your cash out lay so dramatically. Get started on your Vermont Real Estate home search.

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