RealtyTimes.com reports: Mortgage Rates continue to fall, making it a good time to buy a new home. This drop in mortgage rate is the lowest rate since November 2010 (8 months) and they do not show a sign of rising. The current rate on a 30yr fixed mortgage is 4.49% and 15yr mortgage is averaging 3.68%. EXCELLENT RATES.
My Thoughts: If you are currently thinking about buying a home but are in tangles about what is happening in the market in terms of the price of homes or financing your new home, do not be stressed. If you are on the edge of wanting to buy a home, these are the lowest interest rates you are going to get so I would pull the trigger and lock in these rates, buy now. If you are not on the edge but are thinking about buying, continue to follow the mortgage and market reports and follow the trends and gather a good amount of information before you decide to buy.
No comments:
Post a Comment