Mortgage rates are at an all-time low. Late last week they were 1 point less than last year at this same time. Local lender Brian Dean of Opes Advisors said in our weekly market meeting that this 1 point difference increases your purchasing power by thousands of dollars! It’s true that home prices may drop in the future, but interest rates may go up too . . . Why not take advantage of the current market and buy your dream home today? As always, I’m here to help…
30-year fixed mortgage rate over the last 5 years
30-year fixed mortgage rate over the last 40+ years
data source: www.macrotrends.net