Monday, May 18, 2020 / by Teresa Dipeso
Mortgage Rates Just Hit Another Record Low!
Mortgage rates are not an exact science, so there are some lenders now even lower, offering 3% and even 2.75%-2.875% for perfect scenarios. There are also lenders remaining at higher rates.
Low mortgage rates are contributing to a faster-than-expected recovery in home buyer demand. As states restart, buyers are heading back to open houses. Others are stepping up their virtual shopping. Both real estate agents as well as home builders have reported higher interest from buyers in just the last two or three weeks.
Ready to start shopping for your new home? It's important to get pre-qualified with a lender who can assess your financial position. If you're not sure where to start, call us. We can recommend mortgage representatives with the experience and knowledge you need to navigate the purchase process.