Are you in the market for a new home and also a Veteran? The good news there are tons of benefits that come with using a VA loan. The Gifford Group can help you with your home search
Low-Interest Rates on Mortgages likely to continue for 2021
Dated: February 25 2021
Anytime you borrow money there’s a cost for the privilege. That’s no different for mortgage loans, which you rely on during the home buying process.
This year we are seeing historically low-interest rates become even more historic.
The 30-year fixed-rate mortgage interest rate set a new record at 2.65% last month and continues to be near 50-year lows. We are well below the average 30-year fixed annual rates and will likely continue to be for the rest of 2021. Freddie Mac's forecast mortgage interest rates will around 2.9% through the end of 2021.
Homebuyers Shocked by How Much Home They Can Afford
Many first-time home buyers are shocked by how much home they can afford. According to a survey from realtor.com®, of 1,000 prospective and recent first-time home buyers. More than two-thirds of survey respondents say they are surprised at what they can afford; 47% say their budget is larger than they thought it would be. The reason is low-interest rates are helping first-time buyers stretch their housing budgets more than they thought they could,
Such low percentages have intensified high demand in the residential real estate market. Prospective homebuyers are eager to buy homes. Existing homeowners are eager to refinance their current mortgages to save money on their monthly payments. Simultaneously, median home sale prices continue to spike and set new records of their own. Found out how much your total monthly mortgage payment will be. This is a historic opportunity to potentially save thousands on your mortgage
Contact us today and we can help with your home search.
TheGiffordGroup.net - "Opening Doors To New Beginnings"
The Average 30 Year interest rates from 2008-2019
Amber’s love for real estate comes naturally. She utilizes her creativity to tell a story of what could be by providing her clients the vision through their own eyes. “I’ve always loved creating....
Latest Blog Posts
Anytime you borrow money there’s a cost for the privilege. That’s no different for mortgage loans, which you rely on during the home buying process.This year we are seeing
There is no one-size-fits-all on this topic. Getting a divorce is a stressful time as your life is being flipped upside down, and now you might not have a place to call home or a place that you want