Industry News

Mortgage Rates Fall Below 4%

Mortgage Rate Updates

Recent fluctuations in the stock market have led to big drops in mortgage rates making the purchase of a new home more affordable than ever. In the span of one week mortgage rates have fallen to 4% and lower marking record lows in the 2015 calendar year.

The 30-year fixed rate now allows buyers to lock in rates at some of the years lowest rates of 3.97%.

The falling rates are inline to spike home sales this autumn.  The 10-year treasury note is the biggest indicator of the recent trend in falling mortgage rates.

It’s exciting for any homebuyer to shop for a new home. At Maronda Homes, we’re here to ensure that the financing of your home is as simple as possible. The qualification processes for many loans can be complicated, so it’s best to talk with one of our professionals about how to pick a one that lowers your interest rate before you apply for a particular loan.

We understand that you may have questions about how much you can afford when it comes to your financial situation, what your monthly payment will be and how your down payment will affect your monthly payment.

Many factors can affect your mortgage loan payments – from your credit score to the size of your down payment. Our experienced Loan Officers at FBC want to make it easy for you. Estimate your monthly payment using calculators powered by RMC Mortgage.