Buy Before 5

30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac.

We have new advice for anyone considering a home purchase in the next couple of years.

Buy before 5.  This means buy before rates go to 5%.

Even though rates have been ticking up over the last several weeks, we believe that in a few years we will look back on this time and realize what a tremendous opportunity it was to have a mortgage under 5%.

So, don’t be discouraged by recent uptick in rates.  Instead, feel great that you were able to buy before rates hit 5%.

The post Buy Before 5 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

14 Times

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For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low.

Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971.

Just one year ago rates were at 3.68%.

So, what does this mean for buyers?

Based on a $400,000 loan, current rates result in a monthly payment that would be $212 less than one year ago.

The post 14 Times appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

14 Times

Microscope

 

 

 

 

 

 

 

 

 

 

 

 

For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low.

Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971.

Just one year ago rates were at 3.68%.

So, what does this mean for buyers?

Based on a $400,000 loan, current rates result in a monthly payment that would be $212 less than one year ago.

The post 14 Times appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.