Great news for anyone looking to refinance or purchase a home, the interest rate for a 30-year fixed mortgage has dropped to 4.41%, the lowest level in 10 months!
Currently there is more inventories in the housing market which gives buyers a greater selection of homes and bargaining power than in the last couple of years.
Lower rates combined with the decelerating home price growth will be strong motivating factors for home buyers excited to buy in the upcoming spring season.
For many of you who are looking for a shorter terms to pay off your home faster, the 15-year fixed rate has dropped to 3.84%, according to Freddie Mac’s weekly mortgage market survey.
If you are looking to buy or to refinance, give me a call today and let’s save you money!!