How much with a 1 million dollar mortgage cost after rates are cut
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How much with a 1 million dollar mortgage cost after rates are cut
Connor “with Honor” MacIvor - September 13, 2024** 0 Comments | Add Comment The purchase price on average in the Santa Clarita Valley CA as of September 2024 is about 900k. That’s $900,000..00 for those of you that like to not be tricked by a simple looking number. It’s like the time when some of my “relatives” ask me for money, they only say 2 - which in their worlds means either $200,.00 or $2,000.00 But “can I borrow 2? - Sounds better and much less for sure, but I always have them give me the entire number by playing silly, “2 dollars?” - and they of course think that’s cute, probably because they are really needing to borrow the money and it’s uncomfortable with all they have taken over the years! - LOL - ok, let me get to the numbers.
I thought it would be a good idea to see what various loan amounts become when the lending rate, mortgage rates, lessens.
So, if the fed meeting next week is going to be
In today’s show, we discussed what a $1 million mortgage could cost after a rate cut. Whether you’re planning to buy or are already in the market, understanding how interest rates impact your mortgage is crucial. To catch up on all the details, check out the full show on our blog at SantaClaritaOpenHouses.com.
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Connor T. MacIvor CALDRE #01238257
Realty One Group - Success, 25060 Avenue Stanford, Suite 150, Valencia CA 91355.
Email: connor@santaclaritaopenhouses.com | Phone: 661-400-1720
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