20 years of rates -Click to enlarge
Mortgage Banker Pete Metz of Megastar sent over this interesting interest chart that shows rates over the last 20 years for a 30 year fixed loan. Obviously, current rates are at historic lows. That will save you much over the term. Click to enlarge.
Even if real estate prices continue to decline, if interest rates increase, your savings will vanish. If you are thinking of purchasing a home, you may want to consider doing so now while there are good choices of inventory
, and location
, and rates
We like Pete. Give him a call.