Mortgage Monday: Hurry, Hurry For Low Rates

Hurry, Hurry For Low Rates!

Interest rates were the lowest they have been in over 40 years. Now, they are the lowest they have ever been. 30 year fixed rate hit 3.85% Friday. So if you were waiting for the interest rates to get below 4% the wait is over.

Contact your lender to lock in this rate before it begins to rise. On a $350,000 home with 20% down your P&I payment would be $1,312.66 per month. At 4.75% interest that same home would cost you $1460.61 per month. That would be a savings of $147.95 per month. For the life of the loan you would save $53,262.00.

Get locked in for a never before seen rate today. It is not going to last long.

This entry was posted in First Time Home Buyer, Mortgage Information. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *