Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, October 5, 2012
Mortgage Interest Rates

After some increase in the average mortgage interest rate between late July and late August, it looked like we were finally going to see mortgage interest rates start to climb.

But now, they have achieved yet another historic low this week, with an average 30-year fixed rate mortgage at 3.36%.  Wow!
  
If you bought a $300K house with 20% down, your payment would be another $74/month less expensive because of the decline in interest rates that we have seen since the beginning of the year.

If you're buying soon, buy now.  Lock in a 30-year mortgage interest rate at these ridiculously low rates, and brag about it for years to come!