Historically Low Interest Rates

 

Why should smart homebuyers have a particular interest in today’s mortgage rates?


One of the most compelling reasons to purchase a new home now is that interest rates on 30-year and 15-year mortgages are at their lowest for more than 40 years, and for those with strong credit ratings, obtaining mortgage financing is still easy and straightforward. Analysts predict a steady rise in interest rates in the coming year, so now is the time to take advantage of today’s virtually unprecedented low mortgage rates.