7205 Royal Country Down Dr Custom ranch home with an open layout and towering ceilings! Gourmet kitchen w/slab granite, soft close drawers, built-in breakfast nook and office. Kitchen open to great room and dining room. Raised Ranch with walk out basement. Custom Bonus 2nd story loft. Master suite w/ walk-in closet, heated floors and a luxury bath. Heated and insulated garage w/ Epoxy floors and golf cart bay! Call for your private showing at 970-481-5689 for more information or click the link below for more details.
With endless mountain views at 6015 S Timberline Rd . This underdeveloped site is an incredible investment/development opportunity. Located in a prime location in Fort Collins, it is currently zoned FA1. Surrounding properties have been rezoned to LMN, with all multifamily development. Backs to Southridge golf course. No showings of the house until under contract. Also available for purchase at market value are 10 shares of CBT and 1 share of New Mercer Ditch. $500K of water rights. Contact me for more information at 970-481-5689 or click the link below for more details.
Today we will take a fun trip down memory lane.
Did you know that it was the fall of 1981 when mortgage interest rates hit their all time peak? Yes, it was this time 36 years ago when 30-year mortgage rates hit 18.39%.
It’s important to note that in those days, not many home buyers were opting for a 30-fixed loan because rates were so high. There were a lot of people looking at adjustable rate products as a way to reduce the monthly payment.
Just for fun, let’s look at what a monthly payment would look like if those same rates from 1981 existed today.
If rates were 18.39% today, a $350,000 home with a 20% down payment would have a monthly principal and interest payment of…
Thank goodness rates aren’t that high today. They are actually about 15% lower!
Today’s 30-year rate sits at 3.83% (which by the way is roughly half of the long term average).
A monthly principal and interest payment on a $350,000 home with 20% down is…
$1,309. Three thousand dollars lower than it would be using 1981 ‘s rates.