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:
- Job Security
- High Credit Score and
- 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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PHONE: (608) 542-0178
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.