Mortgage Rates Hit 50 Year Low!

Last week home mortgage rates hit a 50 year low of 4.15% for a 30 year fixed loan.  Given the current economic climate the future of interest rates remain uncertain.

If you were waiting to buy a home you might want to think twice.   Home prices might go a bit lower, but if interest rates increase as well your home payment will most likely stay the same.

Want to know how your home payment would be effected by changes in the interest rate?  Your lender would be the perfect person to ask.  If you don’t have one send me a message and I would be happy to recommend a few that I have worked with for years.

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