Home buyers are getting another boost this summer with incredibly affordable financing. The average 30-year fixed-rate loan dropped in June to 4.69 percent, according to Freddie Mac. These rates are the lowest on record for the 30-year loan, and comparable with the shorter 20-year home loans offered in the 1950s.
These low rates offer today's buyer significant purchasing power. Through low interest rates and affordable monthly loan payments, many buyers will realize even greater savings than the $8,000 tax credit offered earlier in the year. Contact us today for more information on this favorable buyers' market!