Its been more than half a century since mortgage rates have been this low.

The average rate for a fixed 30-year mortgage shrunk to 4.69% last week.

If you have the Big 3:

  1. Job Security
  2. High Credit Score and
  3. Cash

You can qualify and secure a loan that will save you thousands of dollars over the entire term of the loan.

Did you know that a 1% decrease in a mortgage rate can increase your purchase power by 10%? So for a loan of $100,000 you can increase your purchase price by $10,000…for a $200,000 loan you can increase your maximum price by $20,000…all for the same monthly payment as your neighbor with the less expensive home than yours.

Along with a lower interest rate remember that home prices have been stagnent the past few years too. Leaving you with the ability to purchase a “better” home for the same amount of money as you would have in 2007.

Starting the buying process is as easy as contacting your favorite Wisconsin Rapids Realtor and meeting with a lender to get pre-approved and lock in this especially low interest rate.

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Written by Adam Holberg — Castle Rock Lake Real Estate Agent. You can call/text me at 608-542-0178 or send me an email at holberga [at] firstweber [dot] com.

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