How the Latest Decrease in Rates Affects You

Mortgage interest rates have dropped to their lowest level of 2017. What does this mean for you?

Want to Join Team Freda? Click here
Interested in Contacting Us? Click here

Last week, mortgage rates dipped to the lowest level so far in 2017.

The 30-year fixed rate fell from 3.89% to 3.86%. This was the fourth straight week of decline, which finally brought interest rates to their lowest level since November 10th, 2016.

If you are in the market to purchase a property, now is a great time to lock in that low interest rate for 15 or 30 years.

Lock in a low rate now and keep the same payment for the life of the loan.

Rents will only continue to increase. When you lock in an interest rate, you are locked into that payment for the lifetime of the loan. It won’t increase over and over again, like rent has for the last few years.

If you have any questions about buying a home in today’s market, give me a call or send me an email. I would be happy to help you!

No comments :

Post a Comment