Afraid you’ve missed the best rates? Good news: They’re still great! You’ve probably heard that mortgage rates are on the rise—and may climb higher soon. That doesn’t mean that now isn’t a smart time to buy. See how this year’s rates stack up against historical averages.
The takeaway: Minor rate fluctuations don’t have to be the deciding factor in a new home purchase. Concentrating on factors you can control (your savings, your credit score, your employment record) may help more than waiting for a lower rate that might not come again.
Need more reasons to buy now? We have a few. Learn about these exciting offers:
- FHA special financing on homes that can close soon (see how our rate compares!)
- An extended rate-lock option on to-be-built homes
Contact a loan officer at HomeAmerican Mortgage Corporation for more information about financing options and loan offers: 866.400.7126.
Rates are based on the average rates per year based on Freddie Mac rate reporting (http://www.freddiemac.com/pmms/pmms30.html retrieved on 11/1/2018). The mortgage rate information is for general informational purposes only and Richmond American Homes makes no representations as to the accuracy or completeness of this information.