Mortgage Rates At Record Low - If You Don’t Buy Now, When Do You?
Mortgage giant Freddie Mac said mortgage rates hit their lowest rates in 38 years of tracking the data, with the national average at 4.85%, according to this San Franciso Chronicle article.
And it is not just in the rest of the country - Gina Kemsley of RPM Mortgage in our offices here is offering a 30 year fixed mortgage, no points, up to $417,000, at 4.85%.
We just refinanced our own mortgage - at 4.625% with Anjie Kallas of RPM.
These our two of the best brokers in the business. We refer clients to them constantly, because they do outstanding work.
Do the math. If prices fall another 10% on homes (which I seriously doubt) and rates go up a point, where are you? I think in about the same place, at least on a $600,000 purchase. If they fall 5%, you’re way ahead.
These rates are unbelievable. Take advantage, get out there now.
