Mortgage Rates on the Decline
Is it the best time to buy?
According to the Seattle Times, mortgage companies are keeping track of the average for the 30-year fixed-rate mortgage which declined to 3.48 percent from 3.50 percent in mid September this year. Even the 15-year fixed mortgage rate eased to 2.76 percent from 2.77 percent. On the average, there is a 0.5 point difference – corresponding to fees paid to a lender equal to 1 percent of the loan amount – which translates to savings for the home buyer. As the markets calm, home loan rates are stabilizing.
While the US mortgage rates are historically low, the recent developments made impressions on both the buyer and seller markets in the single family residential real estate sector. It’s telling you that this is a good time to go house-hunting and finding yourself a trusted and sturdy mortgage company to set you along your way.
However that we are seeing the scenario of job markets improving together with low mortgage rates, it looks like the number of properties on sale does not meet the eager demands of house- hunting clients. Even so, you would need advice from those who know the ins and outs of the market.
Take your case to David Haley
You might be one of those enthusiastic home buyers having difficulty finding a property for sale. But are you really ready for the purchase? We invite you to come to see David Haley of Fairway, your mortgage company in Lynnwood.
Many would-be buyers come to David for advice in home-buying and find his expertise a great boost in the right direction. As a mortgage expert, he advises those who are still searching for their ideal property on the complexities of loan applications, the best options, and all the sources of eligibility, upgrades, savings,and others. Let David help navigate your way through stress-free home ownership.
