It shouldn’t come as much of a surprise given how rough the economy has been lately, but last week mortgage rates continued to stay at some of the lowest levels we’ve seen in history. Last month we mentioned how this historically low interest rates were seen nationwide, and it appears that trend is continuing.
As a matter of fact, interest rates have actually gotten even lower since we last talked about it, dropping below the 4% barrier to 3.94%. Like we said before, these mortgage rates are almost unbelievable, and you won’t likely see them get much lower than this in the near future. That makes this the perfect time to make a move and purchase a new home today.
Such a small decrease in the average mortgage rate might not seem like much, but over the course of a 30-year loan, it eventually adds up. Getting a home loan with these kinds of rates doesn’t happen often, so any family that’s in a position to buy a new home and move up would be wise to do that now while conditions are right.
If you’re interested in buying a home in the Johns Creek and Gwinnett areas, call The Gebhardt Group today at 866.757.8858.
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