According to Bankrate.com today the interest rate range for 30 year, fixed rate mortgages is between 3.52% APR and 4.17% APR! The national average is under 4% at 3.99%! Holy Wow, that’s execllent news! We all thought rates were going to jump up. Well, they are staying low and in some cases, dropping.
Home prices are going up, but not shooting up. They are steadily moving in the right direction, therefore it is a perfect opportunity to not only buy a home with the possibility of growing equity, but you can buy it with amazingly affordable mortgage rates!
Happy home hunting!