Highlands Real Estate, Lowest Rates of Year Here
The lowest rates of the year are here, great news for Highlands real estate. Here we are, half way through the year and mortgage rates are sticking to a low. Rates have now been dropping for three weeks in a row, great news for buyers. These rates are also great for homeowners that thought they missed their chance to refi. An improving economy means that more buyers can acquire loans and more homeowners are able to secure a refinance. Your Highlands REALTOR will be a great resource for recommending local lenders, whether you are looking to buy or refi.
This past week the average rate for a 30 year fixed rate traditional mortgage was 3.94%. This is the lowest rate of the year for this type of loan. A year ago the rate for a 30 year mortgage was 3.66%. Of course the rate for a 15 year loan is even lower, averaging 3.19% last week. These low rates can save a borrower a great deal of money over the life of a loan and certainly adds to the appeal of buying a home in Highlands NC. It is expected that a stable and growing economy means rates heading up will soon become a reality.
Contact me, Lynn Kimball, today to learn more about real estate in Highlands NC. I welcome the opportunity to update you on current market conditions while recommending reputable local lenders at the same time. Let my knowledge and experience serve as your guide to Highlands real estate.
Click here to read “A New 2017 Low Struck with Mortgage Rates” from REALTOR Magazine.