TGIF!
Let's end the week on some positive market news---
Mortgage rates fell again!
The 30 year fixed mortgage interest rate fell to an average 4.10%, it's the lowest since June.
This will hopefully encourage more buyers to enter the market and boost housing industry.
For example:
$250,000 mortgage
4.10% interest rate (fixed 30 year)
Roughly $1200 per month payment
A few months ago the rate was ticking up to around 5%
$250,000 mortgage
5% interest rate
Roughly $1340 per month
If you're on the fence, it could be worth it to start the process sooner than later.
http://realtormag.realtor.org/daily-news/2013/11/01/mortgage-rates-fall-lowest-levels-june
Let's end the week on some positive market news---
Mortgage rates fell again!
The 30 year fixed mortgage interest rate fell to an average 4.10%, it's the lowest since June.
This will hopefully encourage more buyers to enter the market and boost housing industry.
For example:
$250,000 mortgage
4.10% interest rate (fixed 30 year)
Roughly $1200 per month payment
A few months ago the rate was ticking up to around 5%
$250,000 mortgage
5% interest rate
Roughly $1340 per month
If you're on the fence, it could be worth it to start the process sooner than later.
http://realtormag.realtor.org/daily-news/2013/11/01/mortgage-rates-fall-lowest-levels-june
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