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THE GOOD NEWS:
Interest rates for mortgages haven't been this low in nearly 40 years.
THE EVEN BETTER NEWS:
You can now qualify for - AND BUY - more home for the money because you'll be paying a lot less each month.
Think of it this way:
- In 1983, people were paying almost 19% for a 30-year fixed mortgage. Today, the rate has been hovering just under 5.0%.
- Every decrease of one percentage point means that the price of a home is reduced by 10%, giving you a whole lot more buying power.
*Pricing is based upon a $150,000 purchase price with 20% down, credit score > 750, 4.91% APR. All loans are subject to
Underwriter approval, terms and conditions may apply. Rates are subject to change without notice.
*Interest rate and 5.173% annual percentage rate (APR) quoted is based upon a purchase price/appraised value of $150,000, $120,000 loan amount on a conventional mortgage, financing for a primary residence, and a credit score above 750. Additional terms and conditions apply. Principal and interest payments of $626.00 (not including taxes, insurance, HOA, etc.) for 30 years or 360 months. This is not a commitment to lend. Rates are subject to change without notice. All loans are subject to underwriter approval. Contact your lender of choice to confirm rates and for more information.