Interest rates are currently hovering slightly below 4% for a 30-year fixed-rate mortgage. However, Zillow is expecting interest rates to rise to 5% by the end of the year, which is a huge difference from the nearly 4% interest rate we are currently experiencing.
Interest rates are not expected to stay at historic lows anytime in the near future, so buying a home sooner rather than later may mean that you may be able to save a few thousand dollars each year, depending on the amount of the mortgage you plan on taking out. Brena Swanson is the Digital Reporter for HousingWire.com,
Author:Sabrina Brown Phone: 254-563-0424 Dated: December 3rd 2015 Views: 502 About Sabrina: ...
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Lastly, if you're interested in our Property Management services, visit www.KilleenPropertyManagement.com.
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