If ever there was a time to be more serious about buying your dream home or refinancing the home you already own, NOW IS THE TIME!!
Mortgage interest rates hit a low not seen since the 1950s as they tumbled last week to a National average of 4.69% on a 30 year term as reported by the Federal Home Loan Mortgage Corporation. Rates locally are offered at 4.50%. These are the lowest rates since Federal Home Loan Mortgage Corporation began keeping records in 1971.
Coupled with historically low mortgage rates, existing and new home prices are presently at the lowest levels seen in 10 years. Not only can an interested homebuyer get a great deal on a new or existing home, they can also finance it a rates not likely to be seen again for many years. This is a historic opportunity to capitalize on both home-buying benefits.
The big questions are whether rates will go lower and how long they’ll stay down. My advice…..Act now because rates aren’t likely to go much lower and they tend to rise much faster than they fall. With rates this low, what could you be waiting for? Seize the opportunity to buy your dream home or refinance for lower rates today!
Augusta Mortgage Co.
706-860-4200
243 Davis Road, Augusta GA 30907
Tags: Mortgage