Tuesday, April 9, 2019

What difference does just .5% make?

A savings of over $25K on the life of the loan!
Will these low rates last? Not likely.

Federal Reserve Chairman Jerome Powell emphasized at a March 20 news conference that many things are going right: wages are growing, consumer confidence has rebounded, and financial conditions are good. He said that economic fundamentals are strong.

According to Kiplinger’s latest forecast on interest rates: “Long rates are likely to pick up a little as the U.S. economy improves later this year. The 30-year fixed-rate mortgage will likely reach 4.5%.”

The takeaway: If you are planning to buy, now is the time to take advantage of the current low interest rates and enjoy thousands in savings.

Contact Delaware Valley Financial Mortgage, LLC to take the first step and learn what mortgage amount you will qualify for.

Illustration based on $300,000.00 purchase 80% loan to value and credit score of 760. 4%: APR 4.039%. 4.5%: APR 4.541%. Monthly payments reflect principle and interest and do not include property taxes and home owners insurance. Rates subject to change without notice.

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