Lowest in History??

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How many times have we heard this about real estate loans?  But guess what…it is TRUE.

Today, Metro Brokers Financial rates are 4.25% for 30-year fixed, and 3.75% for 15-year fixed. 

Rates are the lowest in history, or at least as long as I have been in the business (28 years).  In fact, both 30-year and 15-year fixed-rate mortgages are at the lowest levels since Freddie Mac even began keeping track.

Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. They are likely to end up saving more than the $8,000 they could have received from the tax refund. A mere 1.5% rate differential on a $200,000 loan is $3,000 per year.  The average homeowner keeps the property for 8 years.  That means a savings of $24,000 just because of low rates! 

Folks who know this, are taking action. Mortgage applications rose 3.4 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.

Real estate agents, share these numbers…it’s your duty!

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4 Responses to “Lowest in History??”

  1. Britt Argo Says:

    Thanks for the great update. I shared this with my Facebook sphere last week. Even taking advantage by refinancing my own home with MetroBrokers Financial right now. It truly is the best time for a buyer right now with the great low home prices and now Super Low rates!!!

  2. Tom Sauls Says:

    I concur with Kevin! Been in the business since 1969. Never saw a buyer market like this or even close. Lots of homes, low interest rates, and the Better Homes and Gardens Real Estate Metro Brokers family to assist them.

  3. Arthur Harris Says:

    Great blog Kevin, buyer’s really have a fantastic opportunity that will not last! I will continue to spread the word both to my existing and prospective clients.

  4. Mark Laycock Says:

    This is great information. According to the Atlanta Business Chronicle, Metro Brokers Financial is the top residential mortgage broker in Georgia! In addition, we now learn they have rates offered at 4.25%. !

    It is a great time to buy with the convenience of a one stop shop

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