Interest Rates are Dropping!

It's a great time to buy real estate

The scoop is....

Mortgage rates started the year at 4.53%, and have sunk each week in 2014, falling a total of 0.3 percentage point.


Borrowers with a 4.23% mortgage would pay $982 a month on a $200,000 balance, compared with $1,017 on a 4.53% loan.


"Much to the benefit of mortgage shoppers, this move is dragging down yields and mortgage rates," said Gumbinger. "This is a nice surprise" for people looking to purchase or refinance their homes in a rising rates environment, he said.


Rates may keep dropping, according to Gumbinger.

Let's find your next home together!