Unbelievable right, they are almost giving out free money at these rates. Well, not really but it’s hard to believe they were 6% just a few years ago and we thought that was a steal. So, how does this affect your payment? Well, the most attractive thing that it affects is that you can afford more house for less monthly payment.  Since your loan amount is calculated to your debt to income ratios with these low rates it helps your purchasing power. Interest rate plays a significant role in calculating your monthly payment. Of course you also have to calculate taxes and homeowners insurance to be part of your payment. On an FHA loan, just to name a loan program,  it is required to escrow your taxes and insurance. But still, the rate helps lower your principal and interest portion of the calculated amortize payment. It is an amazing time to buy if you have a job. The times have changed and Banks are much pickier to loan money. Not necessarily looking for a perfect loan, I mean they are still doing loans with credit scores starting at 600 with as little as 3.5% down payment.  Rates like this are hard to resist and are motivating people to buy. We have a very healthy number of listings being sold under 30 days. Let us know how we can help you, we hope to help you find the right property for you whether is a purchase, lease, or listing.

Call us Toll Free : (855) HOME 007

30-Year Fixed 3.875% 4.051%
30-Year Fixed FHA 3.750% 4.827%
15-Year Fixed 3.000% 3.308%
5-Year ARM 2.250% 3.072%
5-Year ARM FHA 2.750% 3.191%
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