Uncategorized October 29, 2014

Scary Low Interest Rates

Interest rates for 30 year fixed rate mortgages continue to stay historically low, hovering around 4%.  If you haven't yet refinanced – now is the time.  Thinking about selling or shedding investment properties?  With low inventory levels this is a great time for sellers – less competition.  With low interest rates buyers gain more buying power.  If you shopped for a home loan 3-4 months ago, it would be wise to run those numbers with your lender again.  Interest rates have dropped more since that time which could increase you can comfortably afford.