Freddie Mac recently reported that mortgage interest rates dropped to their lowest ever percentage — 3.29% — according to a series that dates back to 1971. These falling rates have boosted home loan applications nationwide in an already hot housing market.
In addition to purchasing homes as the spring market arrives, many consumers are also taking advantage of the low interest rates by refinancing their mortgage.
To read more about the changes in interest rates, click here.
Have you considered buying a new home or refinancing in light of the low interest rates? I would love to help! Let’s review your finances together and see what you can afford in a home purchase or what you could be saving on your monthly mortgage payments. Call me today!Tags: Interest Rates, Mortgage News, Refinance