Mortgage Rates Hits All Time Low- What it means for you?

Dated: 03/13/2020

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During the past few months, we have been experiencing very favorable mortgage interest rates with rates hiting the lowest level in its nearly 50-year history just this past week.

So What Does That Mean For You?

If you already own your home it might be a good time to Refinance to lower your payments or possibly cash out some equity to consolidate other higher interest debts or finally get that renovation and home udates you've been wanting done.

Wondering if a Refi is a good idea?- Contact an lender. Talk to you existing lender, your credit union/bank, mortgage brokers, or even a Realtor for recommendations. Inquire about rates as well as Closing and Upfront costs associated with the loan.

Looking to buy a Home?- Interest Rates directly affect your ability to buy, how much you can afford to borrow and even what kind of home you can get for your preferred monthly housing budget.

For 1st Time Homebuyers, taking advantage of these Historically Low Interest Rates before they climb back up can make a huge difference on making your Dream of Homeownership a Reality.

Below is an example of how much monthly mortgage payment a $200k property requires during different times at different interest rates. 

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Rizza Gloriani

My mission is to be the Realtor that you can trust, bring every question to, and feel confident in the fact that I will be there every step of the way to see that your property goals are accomplished,....

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