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The Impact of BofA CEO Announcement
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Understanding Interest Rates
5 Questions to Consider Before you Buy a Home
December 15, 2009
Interest rates on the benchmark 30-year, fixed-rate mortgage dipped to a 38-year low recently, giving consumers another reason to consider purchasing a home or refinancing their current one.
Freddie Mac recently stated the average rate on a 30-year loan was 4.71% with an average 0.7 point, the lowest rate since the agency began its weekly tracking of long-term interest rates in 1971. A point is equal to 1% of the loan amount, payable as a lump sum at closing. While the decline wasn't overly dramatic, the dip is likely to get people wondering whether it's time to sign on the dotted line.
The 5 following questions may help you decide if now is the time to go ahead and purchase a home or refinance your current home.
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Closed Listing By Price Range
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Open Houses - 12/17- 12/20
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- December 19th, Saturday 12:00 - 2pm
1119 Park West Dr - Dilworth - The Oakley
- December 19th, Saturday 10:00 - 5pm
7419 White Elm Ln - Stonegrove
- December 19th, Saturday 12:00 - 5:00pm
1611 Central Ave - Midwood - Central 27
- December 20th, Sunday 1:00 - 6:00pm
7414 White Elm Ln - Stonegrove
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