Interest Rates Are At Their Lowest

Dated: 10/17/2014

Views: 410

As you can see in the graph from Freddie Mac the numbers published yesterday, The Primary Mortgage Market Survey, interest rates are at their lowest we've seen in the last year - a full 12 months.
(Can you believe that in October of 1981 interest rates were almost 18.5%?)
Home buyers should consider taking advantage of this great opportunity to purchase and borrow at such historically low interest rates.
Homeowners should consider refinancing out of their higher interest rate mortgages, or, for those owners considering a move, selling their current home - taking advantage of the current market conditions of low inventory, thus maximizing their sales price, and offering up a larger downpayment on their purchase.  With these low interest rates, it's like a double whammy "win-win" for the move-up or downsizing homeowner.
Whatever your situation, buying, selling, moving up, moving down, we are here to help, so just ask! 

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