Record-Low Interest Rates
Interest rates over the past several months have been at historicly low levels. These rates change daily as they benchmark off the 10 year U.S. Treasury Bonds. Many areas effect the yeild on these bonds, and the recent stimulus package by the U.S. government has helped keep these yields at very low levels.
Low Rates
No one can predict, with complete certainty, what rates will be going forward. However; we can certainly state that these rates are very attractive today and only hope that they maintain these levels for a while longer.
The Risk
The risk to buyers at this time is to wait too long in an effort to obtain a slightly lower rate. A slightly lower rate will have a minimal effect on the monthly payment on a 30 year mortgage. If rates should move higher, the loss of not using current rates will actually end up costing you more money with your mortgage going forward.
If you desire, we will gladly assist you in meeting with a Mortgage Consultate that will help you get the best rate possible. A Mortgage Consultate can help you understand the amount of mortgage you can best afford.
As low as 3.5% down-payment with FHA
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