Washington, Ohio
5651 Far Hills Ave.
Dayton, OH 45429
937-545-8587

Low Mortgage Rates Make This a Great Time to Buy a Home December 19, 2017

Washington, Montgomery
Low Mortgage Rates Make This a Great Time to Buy a Home, Washington, Ohio

Your mortgage rate has an enormous impact on how much you’ll wind up paying for a home. In fact, a difference of just a few tenths of a percentage point could mean paying tens of thousands of dollars more over the life of the loan. While rates have risen a little since the historic lows of a few years ago, they’re still extremely reasonable, making now a great time to buy a home.

Current Interest Rates

After a downward trend in the middle of 2017, interest rates are inching back up, but they’re still below 4%, which makes buying a home an affordable choice. After all, before 2008, new homeowners were paying between 5% and 6%, adding thousands of dollars to the purchasing price. While home values today may seem higher, the lower interest rates actually bring the total cost of buying down.

Future Trends

mortgage loanMortgage rates will probably keep rising, but buying a home now will lock you into today’s rates and insulate you from future fluctuations. If you’re planning on buying in the next few years, taking advantage of interest rates below 4% on a 30-year fixed mortgage could be an excellent financial move, potentially saving you a great deal of money you can put toward remodeling your new home or saving for the future.


 

Buying a home can be extremely stressful and confusing, which is why the loan experts at The Myers Mortgage Team in Dayton, OH, are committed to making the process as easy as possible. With their in-depth professional expertise and wide network of reputable lenders, they’ll take the time to find you the right program with the best mortgage rates available. Learn more about their services online, or call (937) 545-8587 for a consultation with a leading mortgage loan specialist today.

Other Announcements, Events and Deals from Myers Mortgage Team
Congratulations to The  Mark Myers Team , Washington, Ohio
Congratulations to The Mark Myers Team at Union Savings Bank 2017 USB Top Area Mortgage Originator 2017 USB Top Company VA/FHA Originator 2017 USB Top Area Purchase Originator It...read more
3 Differences Between Jumbo & Conventional Mortgages, Washington, Ohio
The main difference between jumbo and conventional mortgage types is that jumbo mortgages are not backed by federal agencies such as Fannie Mae and Freddie Mac. Those agencies—...read more
Impact Trump Related Mortgage Rules, Washington, Ohio
  Consumers Impacted by Changes in Mortgage Rules Trump appointee could change mortgage rules, regulations Dec. 29, 2017 By AMANDA DIXON Ban...read more
What Is a Jumbo Mortgage Loan?, Washington, Ohio
Shopping for a home mortgage loan can often be overwhelming. With numerous options, mortgage rates, and brokers, you might not know where to turn. Jumbo mortgages are one useful choi...read more