More good news on Mortgage rates. The attached article reports the average rate on a 30 year fixed at 4.38%. Obviously with that being an average, rates are available for less than that. And my buyers have been getting quotes for less than that. It makes this a great time to buy. The cost savings over time really add up and the monthly mortgage payment is really low compared to what most would expect.
REALTOR® Magazine-Daily News-Mortgage Rates Fall Yet Again
Lots of questions about qualifying also. While harder than it has been in the past, most are finding it possible to qualify and qualifying for these great rates.
Feel free to contact me with any questions.
Jeff Sams
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