Indeed, As Mortgage Interest Rates Decline, More Buyers Will Be Able To Afford To Buy Your Home
Scott P. Rogers
Mortgage interest rates have been declining for about five months now...
Early May = 7.22%
Early August = 6.47%
Mid September = 6.09%
Will we even see a FIVE-point-something mortgage interest rate soon?
Quite possibly.
As any home buyer will tell you, these lower mortgage interest rates are GREAT... they are lowering mortgage payments for buyers getting ready to buy a home.
And... for the home sellers... these interest rates are also GREAT... they allow more buyers to afford to buy your home!
If you're getting ready to buy a home, but haven't talked to your mortgage lender in a few months, you should reconnect with them and ask for an updated estimate of your mortgage payment given these newer, lower mortgage interest rates.
