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With today’s low interest rates and market conditions, a buyer can effectively buy a $472,000 home for $350,000! At 6 ¼% (the average rate last spring), the payment on a $350,000 home with 20% down is EQUAL to the payment today on a $425,000 home at 4.5%!On top of that, a $425,000 home that’s on the market today would ...
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