| Arrowhead Interest Rates Drop in 2017. Be Quick! Don’t Lose It.
Accuweather in Lake Arrowhead…………………………………………July 10, 2017 Issue 274
Lake Arrowhead is enjoying the reduction in mortgage interest rates as has the entire state of California. Every lender? No, but a few phone calls can save some serious money as you compare rates from the largest, and some exciting smaller, but just as safe, lenders.
Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. The advantage is now. Waiting could be disappointing.
Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage have fallen to their lowest mark this year, at 3.88%. This is great news for homebuyers looking to purchase and homeowners looking to refinance.
The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home.
Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate
Let’s take a look at a historical view of interest rates over the last 45 years
Coldwell Banker Sky Ridge Realty, Lake Arrowhead CA, 92352-1089 Since 1982.