Tuesday, January 6, 2015 / by Teresa DiPeso
Interest rates fell again this past week, making this a GREAT time to purchase a new beach home or investment property at the Jersey Shore.
The interest rate for a 30-year, fixed-rate mortgage fell again last week, plunging to a 19-month low.
Borrowers were quoted a 30-year fixed rate of 3.58% (down from 3.72%) and 2.88% for a 15-year fixed-rate mortgage.
What does this mean for you? A lower monthly payment, more money in your pocket and a greater opportunity to purchase the home you've always dreamed of.
But don't wait! Interest rates could rise, costing you more in the long run.
If you need help getting pre-approved for a mortgage we can help. We work with competitive lenders ready to assist you purchase your new dream home at the beach. Contact us today and enjoy summer 2015 at the Jersey Shore!