Recent headlines have brought even more attention to the changes in the real estate market. But what stories have not always focused on are the potential opportunities with still low intererest rates.
Take a look back through time and it's easy to see that mortgage rates are still relatively low from a historical perspective. In fact, interest reates are quite low when compared to just eight years ago when the 30 year fixed rate loans went above 8%. In the 1990s, buyers had to deal with rates higher than 10 percent.
Take Advantage of Current Interest Rates.You may be able to take advantage of low interest rates by refinancing your current loan or by seizing the opprotunity to buy a new home. Wehn done at the right time, refinancing has the potential to save you a significant amount of money over the life of your loan. Or, if you choose to purchase a new home, you can lock in rates that may be more advantageous over the life of yoiur new mortgage. In either case, a clear understanding of today's and history's interest rates can be beneficial. If you're interested in learning more about the current interest rate environment, contact Roger Hunt at 650.796.0326. He is a reliable source of information and is committed to helping his customers find financing that's right for them. So take this opportunity to consult with your home mortgage consultant today.