If you’re on the fence about buying a home, consider that this week’s Mortgage Rates are lower than they’ve been in over 30 years. With interest rates under 4%, NOW is a GREAT time to invest in a home. Today’s 30 year fix rates are at 3.87%; 15 year fixed rates are 3.31%.
This means, at today’s rates, if you purchase a home for $375,000 and put 20% down , your mortgage payment will be around $1400/month (on a 30-year loan).
If you’re thinking of buying, you owe it to yourself to get some facts on your LOCAL market. A great place to start is by talking to a LOCAL Realtor.
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Tags: interest rates, local realtor, mortgage payment, mortgage rates, purchase a home, today's interest rates, today's mortgage rates
