Some Highlights:

  • With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
  • According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
  • Even though we have low inventory this is a great time to buy and take advantage of these low interest rates. You may also want to take a look at your current mortgage rate and see if a refinance makes sense.

 

If you are thinking of buying, downsizing or upsizing please contact me, Pete Veres via text or email at: 505-362-2005. If you are thinking of refinancing, I can also provide you with an excellent referral.