Do you believe it or not? Well lets take a look back 30 years and see just what you remember....
The Year 1981
- Betty Davis Eyes - Kim Carnes
- Endless Love - Diana Ross / Lionel Richie
- Lady - Kenny Rogers
- (Just Like) Starting Over - John Lennon
- Jessie's Girl - Rick Springfield
- One That You Love - Air Supply
- Tide Is High - Blondie
- 9 to 5 - Dolly Parton
- Queen of Hearts - Juice Newton
- Kiss on My List - Hall & Oates
- Being With You - Smokey Robinson
- Celebration - Kool & the Gang
- Tainted Love - Soft Cell
| The Fall Guy |
Starring: Lee Majors, Douglas Barr, & Heather Thomas
| The Greatest American Hero |
Starring: William Katt & Robert Culp
|Hill Street Blues |
Story of an overworked, under-staffed police precinct in an anonymous inner city patterned after Chicago. We follow the lives of many characters, from the lowly beat and traffic cops to the captain of the precinct himself.
Now lets talk about real life the life that has affected all of us for the past 30 years....
What about your home could you afford a home or did you have a home on October 1981
Today the same mortgage rate on average is about 4% for the same loan.
Right now an average homebuyer purchasing a home in todays market with the 4% interest rate, would have a monthly mortgage payment of $698.00.
According to Lawrence Yun Chief economist for the National Association of Realtors, in October of 1981 the monthly payment would be close to that at $598.00
THAT IS A DIFFERENCE OF $100.00 FOR THE SAME HOME
Do you see a trend here???
With todays interest rates homes are still very affordable and interest rate can take credit for that.
If you look at your monthly mortgage bill, interest is a large part of your payment, higher interest rate higher payment...lower interest rate lower payments
Interest rate will not and can not stay this low forever now is a great time to look for that new home. Give me a call today lets talk
**What Does House Price Index - HPI Mean?