Take Advantage of Historically Low Mortgage Rates 

Facebooktwitterredditpinterestlinkedinmailby feather

 

After economic activity slowed in the first half of the year, we saw record-low home mortgage rates in the third quarter of 2020. These historically low rates have been a strong driver in the housing market recovery. Many people have taken advantage of this trend to refinance and significantly reduce their monthly payments. It has also opened up opportunities for first-time homebuyers to explore homeownership as an option for them this year. 

The average U.S. mortgage rate for a 30-year fixed loan fell below 3% and the average fixed rate for a 15-year mortgage below 2.5%. In comparison, a year ago the average rate for a  30-year fixed loan was 3.78% and the 15-year rate was 3.19%. 30-year fixed mortgage rates hit an all-time low of 2.86% in the second week of September. Currently, mortgage rates remain steady and hovering below 3%.

Whether you’re a current homeowner or a first-time buyer, there are opportunities for you to take advantage of today’s low mortgage rates.

  • Become a homeowner.
  • Refinance Your Existing Mortgage.
  • Move Up to Your Dream Home.
  • Downsize and Reduce Your Monthly Mortgage Payment.
  • Purchase a Vacation Property.
  • Purchase an Investment Property.

We would love the opportunity to help you with your mortgage needs! Contact one of our professional loan officers today at Wisconsin Mortgage Corporation to see how much you can afford. Then give your Shorewest, REALTOR® a call to make it happen.

Categories: Home Buying, Homeowner, Mortgage, Real Estate News, Real Estate Tips, Trend Watch

Leave a Reply

Your email address will not be published. Required fields are marked *






Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

  • Heritage Title Services, Inc.
  • The Realty Alliance
  • Wisconsin Mortgage Corporation
  • Leading Real Estate Companies of the World
  • Luxury Portfolio International
  • Shorewest Financial Associates LLC
  • My Dwelling Metro Milwaukee
  • HSA Home Warranty - Because Service Matters