With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
Just a heads up, in case you didn’t know, our preferred lender goes down to 580 credit score and provides down payment assistance programs for first time buyers. There are multiple options available.
Check out our latest Videos (link in Bio) we provide free advice and tips on how you can own a home with little to no down, among other programs as well.
DM or call us at 480-788-4118 we will help you get qualified so you can buy you and your family a home
We share "How To” strategies, tips/advice, & housing news.
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Awni and Chantell Abbas
"AWNTEL"
480-788-4118
Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
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