Posts from October 16th, 2024

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October
16

Buy Now or Wait?

October 16th, 2024 by Ruhl&Ruhl REALTORS

Reasons to Buy Now

Mortgage rates now are around 6%, fluctuating between 5.875% and 6.25%. This is about 1% lower than 12 months ago.

Local Mortgage Rates

As of October 15, mortgage rates with no points were:

15-Year Conventional Fixed 5.625%

30-Year Conventional Fixed 6.00%

FHA 30-Year Fixed 5.875%

VA 30-Year Fixed 6.00%

30-Year Jumbo 6.00%

1. Mortgage Rates May Be As Low Now As Next Spring

It is possible that today's rate of 5.875%-6.25% is still comparable to rates projected for next spring. (See mortgage rate projection chart below.)
Many would-be buyers mistakenly believed that residential mortgage rates would move lower after the...
Click Here to Read More...

Categories: Buying a Home
Tags: buying a home

Posts from October 16th, 2024

Buy Now or Wait?

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Posts from October 16th, 2024

Buy Now or Wait?

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