Current low interest rates suggest that if you are thinking of obtaining a mortgage or refinancing an existing one, now is the time to act.? According to Freddie Mac, interest rates have recently fallen, with the 30-year rate at 3.75 percent, down from 3.78 just last week, and the 15-year rate down below 3 percent from 3.04.? Today?s 30-year rate is lower than what the 20 or 25-year rate was averaging in the 1950s.? This is good news for those buying houses, as affordability to purchase a home has reached an all time high. ?In the beginning of 2012, The National Association of Realtor?s composite quarterly Housing Affordability Index reached 205.9, which is a record high, with statistics showing that a median income family earning $61,000 could afford a home costing $325,500 in the first quarter.? The index for first time homebuyers being able to afford a home is at an all time high as well.
The best time to get an attorney involved is when you are looking to make an offer to purchase, not after a purchase and sale agreement is signed.? At Brooks & Crowley, we can help with all stages of your purchase or refinance, and can answer your questions.? Call us today.
jason witten ucla vs usc rich rodriguez rich rodriguez the muppet movie the muppet movie mars rover
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.