Financing & Insuring

The Truth About Mortgage Rates

November 5, 2018
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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.

Mortgage Rates

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.

Contact a loan officer at HomeAmerican Mortgage Corporation for more information about financing options and loan offers: 866.400.7126.

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Rates are based on the average rates per year based on Freddie Mac rate reporting ( 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.

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