The Low Cost of Financing

The Low Cost of Financing

The Low Cost of Financing                                                 

According to Freddie Mac, the average commitment rate for a thirty-year, conventional fixed-rate mortgage loan was at 4.95 percent in February, which is down from 4.99 percent in February 2010. Home financing costs are at historic lows, making home ownership a reality for many first time buyers! Many experts see rate increases on the horizon, as our nation seeks to balance spending. If you are considering a home purchase or a refinance, be sure to work with a loan officer who understands your needs, has a reputation for excellence, and is able to fund your property in a timely manner. A little homework can save you thousands of dollars. Contact us today for our list of local recommended mortgage lenders.

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