Interest rates have been bobbling around 5% for the last week, which is historically low. A lender I work with just did a refinance loan for a client that had a lot of equity in their home; he got a 30-year fixed rate at 4.75% with no points. Just today rates dipped as low as 4.6%.
It is a GREAT time to refinance if you have a a lot of equity in your home, plan on staying in your home for a few more years and want to lower your monthly payments, refinance for a shorter-term loan or consolidate your debt.
It is a GREAT time to buy real estate if you are trying to buy up in this market.
It is a GREAT time to be a first-time Buyer with incredible rates. It is possible to get an FHA loan and you only have to put down 3.5%. This is a good option for those who want to buy but don't have a lot of money as a down payment. Buyers can get more for their money than every before, with low interest rates and lots of good properties on the market that are competitively priced.
Just years ago homeowners felt pretty good about having an interest rate in the 6-8% range.
It is a GREAT time to refinance if you have a a lot of equity in your home, plan on staying in your home for a few more years and want to lower your monthly payments, refinance for a shorter-term loan or consolidate your debt.
It is a GREAT time to buy real estate if you are trying to buy up in this market.
It is a GREAT time to be a first-time Buyer with incredible rates. It is possible to get an FHA loan and you only have to put down 3.5%. This is a good option for those who want to buy but don't have a lot of money as a down payment. Buyers can get more for their money than every before, with low interest rates and lots of good properties on the market that are competitively priced.
Just years ago homeowners felt pretty good about having an interest rate in the 6-8% range.
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