You may have heard that mortgage rates have been falling and are approaching 6 percent for a 30-year fixed rate loan. Suddenly, lower rates have opened up two big areas of opportunity:
#1) For current homeowners: If your current rate is 7 percent or higher, it may make sense for you to refinance. With today's rates you may be able to save a few hundred dollars on your monthly payment.
#2) And for aspiring homeowners: Right now is an excellent time to be focused on your search. Inventory and affordability are improving as we approach the fall season, creating a window of opportunity for you.
Please let us know if you'd like us to introduce you to one of our recommended lenders. We'd love to help you make the right connection.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
