Buyer and Refinancing Alert!
Mortgage rates droped this week. This is a great opportunity RIGHT NOW for smart buyers and investors! Call me to find out more.
Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this week, according to Freddie Mac.This is a great opportunity for buyers. With historically low prices, lowered interest rates and the $8000 tax credit stimulus, make sure you don’t miss out. The tax credit stops at end of year.
If you want to time this, you really should start your home search now to ensure you don’t get caught in the end of year crunch where other procrastinating buyers will be competing for the best properties and values.
Call me to set up a free, no-obligation consultation and I can help you strategize how best to move forward. But I recommend you move now and don’t cheat yourself out of this opportunity.
Here is a breakdown of the mortgage rate developments this week:
- The average on 30-year financing slipped to 5.2 percent from 5.32 percent a week ago.
- The 15-year mortgage declined to 4.69 percent, down from 4.77 percent.
- Five-year ARMs were down to 4.82 percent from 4.88 percent.
- One-year ARMs fell to 4.82 percent from 4.94 percent.
Call me or email me to set up a consultation, or pass my information to a friend or colleague who you think might benefit from this window of opportunity.
All the Best!