Did You Know? - Low Mortgage Interest Rate Environment
Home Buying Opportunity
Historically Low Mortgage Interest Rates
If there is one good thing to come out of the coronavirus pandemic it’s that it has created a huge opportunity for home ownership! Did you know that for the first time in recorded history, the average rate on a 30-year fixed mortgage recently fell below 3%.
This low interest rate enviroment is causing a significant decrease in monthly mortgage payments, making home ownership a lot more affordable. This is also causing a strain on demand so if you’ve been on the fence about purchasing a home, now is the time to start talking to a realtor!
Source: https://www.washingtonpost.com/business/2020/07/16/30-year-fixed-mortgage-rate-falls-below-3-percent/
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