How Low Can Home Mortgage Rates Go?

Those who've been waiting for home mortgage rates to decrease are in luck. Rates have dropped for the fourth consecutive week, which combined with increasing inventory and moderately priced homes, creates optimal conditions for house hunters in Hampton Roads. So if you've been on the fence hemming and hawing about home ownership; delay no further! Now is a great time to pounce on these low rates while the getting's good.

Some would-be homebuyers may ask, "If rates are continuing to drop each week, shouldn't I just wait it out?" This question can be tempered with a voice of reason that simply responds, "No." Economic conditions fluctuate, so rates can begin rising just as quickly as they dropped. Act quickly to take advantage of these rates and capture the savings. It will feel wonderful when you're making lower payments each month for a nicer house. Or you could wait and risk paying more for a less desirable home.

Once you decide that it is ultimately in your best interest to lock in these low rates while they're still available, you'll need to find a knowledgeable lender who can help. SimonTowne Mortgage is the preferred lender of SimonHouses for many reasons, but the most important of these is that the originators truly care about clients. When you're looking for friendly service from someone trustworthy, we always advise our clients work with this established lender. Team members at SimonTowne Mortgage can help find the right home mortgage loan program for buyers in Hampton Roads, Virginia.

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Categories: Home Buying Real Estate Investing Real Estate Market Mortgage

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