Mortgage rates have recently dropped to their lowest levels of the year, creating a great opportunity for homebuyers and those looking to refinance. Our preferred lender offers a competitive rate of 6.375%, which is about 0.25% to 0.5% lower than the national average.
If you're considering purchasing a $750,000 home with a 10% down payment, your mortgage would be $675,000. At our lender's rate of 6.375%, your monthly principal and interest payment would be approximately $4,211.
Just 30 days ago, the rate was around 7%, making the payment on the same mortgage roughly $4,491. By securing a loan at our lender’s current rate, you could save over $280 per month compared to last month’s rates.
With these favorable conditions, now is the perfect time to explore your home buying options or consider refinancing. Contact us to connect with our trusted lender and take advantage of these competitive rates.
Posted by Andy Mandel on
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