Mortgage Interest Rates Are So Low
Today the rates quoted by Opes Advisors are 3.750% for a high balance conforming loan which is a loan up to $625,500. Last year the interest rate for the same loan was 4.625%! It is pretty mind blowing that rates are still so low even with the US economy improving. The recession ended in 2009, six years ago.
If you are thinking about purchasing a home, while competition is fierce, at least you will be getting a loan at one of the best times in decades. Speak to your mortgage professional.