Have you heard the latest news? Average mortgage rates are falling faster than NBC’s ratings. Rates have dropped lower than the 5 percent, that’s the lowest level since last November. The record low was in March of 09 at 4.61%. I know we’ve been saying this for a while now, but that doesn’t make it any less true, now is the perfect time to buy a home. If the thought has even slightly peeked into your head, it’s time to give it some serious thought.
Interest rates for a 30year loan averaged 4.93 last week, and they’ve only gotten lower. It was the lowest week since mid December. What does this mean? It means if you’re looking into buying a home now with a 30year loan, the most popular loan, you can do so with an interest rate lower than 5%. But these rates aren’t going to stick around all year long. You have to act fast if you want a piece of the action.
All sign are showing a recovering housing market. It’s slow, but it’s improving, and that’s good for everyone. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.
0 comments:
Post a Comment