Mortgage Monday: Rates Are Remaining Low

Rates Are Remaining Low

Mortgage rates are continuing the trend of remaining low. Today at Windermere Mortgage in Burien, Washington, the rate for a thirty-year-fixed loan of $417,000 or lower is 3.375%. Inventory levels are starting to rise along with prices. How long home prices will remain at 2004 levels is anyone’s guess. But why wait to find out?

Get an approval letter. Call your mortgage rep or loan officer and get approved for a home purchase loan. Call me, and I can get you started on the path to home ownership. Remember, if you haven’t purchased a home in the last three years, you probably qualify as a first-time home buyer and can get special mortgage and down payment assistance. Call me with your questions.

In the Resources area of this website (see the navigation bar above) is a helpful booklet you can download about home buying, called “Guide to Buying a Home.” It will give you the best information available as a potential home buyer, and what to expect from the home buying process. Enjoy reading the booklet, but enjoy your home search even more.

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