When I first applied for my VA loan a few months ago the rate was 4.35%, it has since moved up to 5.1% That’s a difference of $136 per month on a 300,00K loan, which is pretty significant.
So, if the rates keep going up, prices are going to have to come down, I hope….
Good deal for your friend there, sounds like he got in at just the right time! And $450 in annual property taxes??? Damn, I knew Cali taxes were high but by how much, that’s just crazy. The rate I was quoted here in San Diego is 1.37%!!!
