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- Low Mortgage Rates: Rates have fallen below 4% just in the last week! Lower rates are benefits to home buyers as well as anyone that has bought a home in the past few years and can refinance. For example, on a $250,000 loan with a 30 year loan, if that rate went from 4.25% to 4%, that would mean the payment would go from $1,229 to $1,193. That saves the homeowner $36 a month which equates to a savings of $432 over the course of a year!
- Gas Prices Are Plummeting: Gas prices have fallen by an average of 50 cents per gallon since June; in fact, more than one third of gas stations around the country are selling gas for less than three dollars per gallon. Many drivers are spending an average of $5-$15 less per fill up since July 4th. Many drivers fill up their car four times a month which means they could be saving $20-$60 a month depending on the type of vehicle driven. For families with two cars, this could mean $40-$120 a month in savings!
- Lower Heating Prices: A drop in heating costs is great news as temperatures fall. Propane users here in the Midwest will pay an average of 30% less than last year due to a drop in propane prices.