Detailed text transcripts for TV channel - CNN - 20100407:18:41:00
Median price for a house. down payment at 20%, about $56,000, interest rates have as i just said gone up to 5.3% so your monthly has now gone from $1,000 if you bought it last year to $1,243 a month and the total cost of owning that house is $447,000. so, my point is even if home prices stay the same or go down a little bit, the bottom line this is the thing you have to look at, these interest rates are the important matter. a lot of people think we're going up from here, probably close to about 6%. that's an important thing to think about if you're thinking about buying a house, but, please, ...
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