I'm going to keep this short and sweet and let the data speak for itself. If you've been thinking about getting into a new home and will be financing that purchase then you are in luck. We're still witnessing record level housing affordability.
"The average rate for a 30-year fixed mortgage dropped to 3.78 percent in the week ended today from 3.79 percent, Freddie Mac said in a statement. It was the lowest in the McLean, Virginia-based mortgage-finance company’s data dating to 1971. The average 15-year rate held at 3.04 percent, also a record."
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If it makes sense for you to obtain financing then now is the time. There literally has never been a better time in history. Take advantage of that so you can brag to your friends and family in 15-20 years when you show them the ridiculously low rate that you've got locked in.
Kenny Ochs
The Todd Tramonte Home Selling Team
