Mortgage Monday: Rates Remain at Forty Year Low

Rates Remain at Forty Year Low

Check around at mortgage lenders in your area and see if the rates have remained low. Thirty year fixed rate is at 3.65% as of last Friday and may even go a little lower today. If the rate is below 4% it is still at a forty year low.

Financing a home is getting easier all the time. The FHA reported that is going to loosen up the guide lines for home loans very soon. This means that more people that want to buy a home will be able to qualify for a home loan. Talk to your mortgage lending expert for more information on this topic.

Inventory remains on the low side, interest rates are low, more qualified buyers, what are you waiting for. Contact me as soon as you can so I can assist you in buying your new home.

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