Mortgage Interest Rates Remain at Historic Lows!
As buyers are coming into the spring market, mortgage interest rates remain at historic lows. This is good news for both buyers and sellers. With lower interest rates buyers can qualify for higher priced homes. With rising prices, lower interest rates may make the difference in whether or not a buyer is able to qualify to purchase a home. For sellers, low interest rates are good news because they bring more buyers into the market, expanding the pool of buyers who might be the right match for your home.
Mortgage Interest Rates as of March 28, 2015
According to several local Atlanta mortgage lenders that I work with conventional mortgage rates as of March 27, 2015 are hovering at around 3.625% for a 30 year fixed rate loan. FHA/VA 30 year fixed loans can be had at a rate of around 3.25%! At week’s end adjustable rate mortgages could be had as low as 2.375%.
What does this mean for you?
What this means for you is that if you are a buyer NOW is the time to get out and buy a house, before interest rises! I can’t imagine mortgage interest going any lower than it is right now. Sellers, buyer activity is always at a peak during the spring season, and with interest rates as low as they are we need your help to bring more inventory onto the market to fill the demand.
Get Qualified for a mortgage
Are you ready to take the plunge and buy a home? The first step is to get pre-qualified with a lender. This is an easy, free, no obligation process that tells you how much you can spend, and provides you with a pre-qualification letter from a lender that you need to present with your purchase offer. Use our easy sign up form and we will have one of our lender partners work up your free qualification and letter.