BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES 2-Car Attached Garage + 3-Car Shop! OPEN HOUSE-SATURDAY, SEPT. 21ST 11:00 AM - 2:00 PM MONTROSE $399,000 67317 Leadville Court 3 Beds 2 Baths 11,538 sq ft. 11.4 Acres Don Bailey, 970 209.8257 New Listing! MONTROSE $110,000 62650 LaSalle Road #607 3 Beds 2 Baths 1,140 sq ft Donna Harville Justin 70.216.8316 The Average List Pricin Montrose has increased over 11% compared to last year. If you'd like more information about the value of your home, give us a call today. 11% MONTROSE $367,000 2655 Arbor Way 3 Beds 2 Baths 11,548 McKenzie Nichols, 970.314.0074 MORTGAGE RATES DROP TO LOWEST LEVEL IN OVER A YEAR AND A HALF % April 2024 Loan Amount Mortgage rates have hit their lowest point in over a year and a ha And that's big news if you've been sitting on the home buying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that's happened recently isnt small As Sam Khater, Chief Economist at Fredde Mac. says "Mortgage rates have fallen more than half a percent.....and are at their lowest level since February 2023 But if you want to see it to really believe it, here's how the math shakes out Take a closer look at the impact on your monthly payment The chart below shows what a monthly payment (principal and interest) would look like on a $400K home loan if you purchased a house back in April this year's mortgage rate high), versus what it could look like if you buy a home now (see below) Now $400,000 Loan Amount $400,000 Mortgage Rate 7.52% (04/25/2024) Mortgage Rate 6.12% (09/16/2024) Monthly Payment $2,802.34* Monthly Payment $2,429.15* Savings Per Monthly Payment: $373.19 Savings over the Life of the Loan $134,348.40 (30 Years): Going from 75% just a few months ago to the lowes as a big impact on your bottom line in just a few months' time, the anticipated monthly payment on a $400K loan has come down by over $870. That's hundreds of dollars per month BOTTOM LINE With the recent drop in mortgage rates, the purchasing power you have right now is better than it's been in almost two years. Let's talk about your options and how you can make the most of this moment you've been waiting for.. bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Tren Unrein, Brian Unrein, Autumn Barrett Don Bailey Jeff Keehuss Knee Christie, Linda Stell, Makaya Cervone Michael Scott Dosch, Heidi Lutz Mehdi Sepah and Donna Justin BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES 2 - Car Attached Garage + 3 - Car Shop ! OPEN HOUSE - SATURDAY , SEPT . 21ST 11:00 AM - 2:00 PM MONTROSE $ 399,000 67317 Leadville Court 3 Beds 2 Baths 11,538 sq ft . 11.4 Acres Don Bailey , 970 209.8257 New Listing ! MONTROSE $ 110,000 62650 LaSalle Road # 607 3 Beds 2 Baths 1,140 sq ft Donna Harville Justin 70.216.8316 The Average List Pricin Montrose has increased over 11 % compared to last year . If you'd like more information about the value of your home , give us a call today . 11 % MONTROSE $ 367,000 2655 Arbor Way 3 Beds 2 Baths 11,548 McKenzie Nichols , 970.314.0074 MORTGAGE RATES DROP TO LOWEST LEVEL IN OVER A YEAR AND A HALF % April 2024 Loan Amount Mortgage rates have hit their lowest point in over a year and a ha And that's big news if you've been sitting on the home buying sidelines waiting for this moment . Even a small decline in rates could help you get a better monthly payment than you would expect on your next home . And the drop that's happened recently isnt small As Sam Khater , Chief Economist at Fredde Mac . says " Mortgage rates have fallen more than half a percent ..... and are at their lowest level since February 2023 But if you want to see it to really believe it , here's how the math shakes out Take a closer look at the impact on your monthly payment The chart below shows what a monthly payment ( principal and interest ) would look like on a $ 400K home loan if you purchased a house back in April this year's mortgage rate high ) , versus what it could look like if you buy a home now ( see below ) Now $ 400,000 Loan Amount $ 400,000 Mortgage Rate 7.52 % ( 04/25/2024 ) Mortgage Rate 6.12 % ( 09/16/2024 ) Monthly Payment $ 2,802.34 * Monthly Payment $ 2,429.15 * Savings Per Monthly Payment : $ 373.19 Savings over the Life of the Loan $ 134,348.40 ( 30 Years ) : Going from 75 % just a few months ago to the lowes as a big impact on your bottom line in just a few months ' time , the anticipated monthly payment on a $ 400K loan has come down by over $ 870 . That's hundreds of dollars per month BOTTOM LINE With the recent drop in mortgage rates , the purchasing power you have right now is better than it's been in almost two years . Let's talk about your options and how you can make the most of this moment you've been waiting for .. bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Tren Unrein , Brian Unrein , Autumn Barrett Don Bailey Jeff Keehuss Knee Christie , Linda Stell , Makaya Cervone Michael Scott Dosch , Heidi Lutz Mehdi Sepah and Donna Justin