A 10-Year Fixed Rate Could Make a Lot Of Sense In Today’s Market
Right now, we are enjoying some of the lowest interest rates in history. In fact, until recently I’ve never recommended fixing a mortgage for longer than 5 years. But today, the 10 year fixed rate is under 4.5%. Yes, it’s higher than the 3 or 5 year, but it’s much lower than the average 3 or 5 year term that we have seen historically!
These low rates will not last forever. The best thing to do is get pre-qualified, which would allow us to lock you in at this rate for the next 90 days while you search for your dream home.
You will know exactly what you can afford to buy and your monthly payments. You will know exactly how much house you can buy based on monthly payment that you are comfortable with, plus, when you make an offer on a home that is conditional to financing, we will be able to lift that condition much quicker so that no one else can out-bid you.
Call me today at (403) 870-2669