Actually, there are two answers to this question, and you won’t believe either one.
Answer #1: You can borrow money today for the same rate as 1972! That’s right! Thirty six years ago, mortgage interest rates were approximately the same. Actually, today’s interest rates are better than thirty six years ago. Today’s interest rates are approximately 6% for thirty year fixed rate mortgage. Call your local Las Cruces, NM lender for more detail.Answer #2: You can hire a real estate agent to help you sell your home. The National Association of Realtors report that the commission rates for realtors has not changed significantly in the last thirty six years either. I knew you would be surprised. (Remember that commission rates in New Mexico are always negotiable. They were negotiable then and they are negotiable now.)