Everyone knows, mortgage rates are low. But how low are they really and what does this mean for home owners?
According to Tony Guaraldi at Guaranteed Rate, “Today is the best rate we have seen since June 2013 and approximately 1/8-1/4% rate to the all time low.” This is great if you are in the market to buy a home or thinking about refinancing. Lou Barnes of Premiere Mortgage Group wrote an article called “Why Mortgage Rates Are Defying Expectations and Falling as Recovery Strengthens.” He believes that any refi that recaptures costs in 18 months or less is worth doing. To read more, click on the link below to be redirected to the article. Happy reading!
Are you in the market to buy or sell? Or know someone who is?Call me and I will gladly help with all your real estate needs!