A rare dip in interest rates is resulting in big year over year savings in mortgage payments. As the spring market kicks in, history has shown us that interest rates will rise. Buyers who wait to purchase will see a $60K+ increase in the 30 year life of the loan ~ even if the interest rates rise only 1%. Buyers who can act now will be able to put that money into buying more home, remodeling or savings!
Rates and information provided by Christian Campbell, Delaware Valley Financial Mortgage, LLC Click to visit website
Illustration based on $300,000.00 purchase 80% loan to value and credit score of 760. Monthly payments reflect principle and interest and do not include property taxes and home owners insurance as they vary per property and coverage. 4.375%: APR 4.441%. 5.375%: APR 5.447%. Interest rates subject to change without notice.