Right Now, No News is Good News
Mortgage rate changes are practically microscopic right now, and that is very good news. Obviously, as consumers, a decrease is always welcome, but given how very low mortgage rates have held steady, we’ll take it! For instance, a 30-year, fixed mortgage interest rate from 10 years ago in July was about 6.7%. When you consider how much lower our rates are right now, it translates to thousands of dollars in savings over the life of the loan. Please keep in mind that there will be many factors involved with calculating anyone’s interest rate. For your most accurate rate, let’s have a meeting and talk about whether this is a good time for you to consider buying a home or refinancing your existing loan.