Are You Ready To Capitalize On Low Mortgage Interest Rates

Dated: 01/08/2015

Views: 248

At the end of 2014, the average rate on a 30-year fixed rate mortgage was 3.87 percent.  That is down from near 4.5 percent 12 months ago.  Inventory levels are at a seasonal low, but sellers are beginning to list their homes for the spring market now.  Rates are forecast to rise by mid year.   Read more here about how a .5% rate increase on a 200K loan could raise your payment by more than $50/mo.  For buyer's trying to qualify for a home purchase, that higher rate translates into more than a -$10K hit on your maximum purchasing power.  To find out what rising interest rates means for YOUR purchasing power, click on the "finance" tab at the top of the page, and our mortgage affiliate, Adam Wizner, will persaonlly assist you.

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