Helping You Make all the Best Moves!

Mortgage Rates at Historic Lows: Great Time for Home Buyers

U.S. Mortgage Rates at Historic Lows

Most home buyers put such a heavy focus on low home prices that they miss out on the real opportunity in today’s real estate market: Historically low mortgage rates! With mortgage rates at historica lows, now is the time to lock in a mortgage rate that will provide you with the peace of mind you deserve with your next home purchase.

Did you know that a single 1 percent increase in interest rates can equal an 11 percent increase in your monthly home mortgage payment, and tens of thousands of additional interest paid over the life of your loan?! For purposes of comparison, take a look at the Keller Williams chart below. See how the interest rate increase (from 4.17% to 5.17%), increases the Monthly Payment by $120? And how that, over the life of the loan, leads to an increase of $43,194? That is a significant amount for a mere 1% increase!

Mortgage Rates at Historic Lows

Interest rates won’t stay this low forever. So, if you’ve been thinking about buying a new home soon, now is the best time to start taking action to make it happen! In the words of Theodore Roosevelt, “Get action. Seize the moment. Man was never intended to become an oyster.

Mortgage rates are low and affordability is high, making today’s real estate market an excellent time to buy a new home. If you’re interested in Georgia Real Estate and you want to find out the best way to get in on this, give me a call and I can help you seize the day!

1 Comment

  1. John Welch John Welch
    December 1, 2015    

    Sounds great. I just hope the Federal Reserve does not raise rates just yet.

Leave a Reply

Your email address will not be published.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

Selling Your Home: Real Estate Marketing Plan

Selling Your Home: FREE Report

Sell Your Home Fast in Georgia GA Real Estate
Selling Your Home:
Learn the 9 Things Sellers Must Know Before Listing Their House on the Market
 
*Required

Ask John About Becoming a Real Estate Agent

Got a question about real estate?
Click the "Ask John" button above to ask now.

Our analytics reveal that many of our visitors are interested in becoming real estate agents. If you have a specific question about becoming a Realtor® I would love to hear from you.

Open House Events

Open House John Welch Georgia Real Estate

Open House: Sunday, June 12, 2016, 1PM to 4PM

Address:
3145 Cherbourg Court,
Marietta, GA 30062

Description: 4 beds | 4 baths | 2,755 sqft | $425,000 | Don't miss this opportunity! Three-sided brick home with fully finished basement in Dorset, a highly sought-after swim/tennis neighborhood with active homeowner's association. Lots of updates and upgrades - new windows, skylights, architectural roof, garage doors, keyless entry, professionally landscaped front with irrigation system, renovated master and upstairs bathrooms. Minutes away from historic Marietta, Roswell and Woodstock, public and national parks, Chattahoochee River, The Avenues of East Cobb, great restaurants and shopping. Learn more.


Open House in Marietta, Georgia

Open House: Sunday, Mar 6, 2016, 1PM to 4PM

Address:
4540 Hunting Hound Lane
Marietta, GA 30062

Description: 5 beds | 3 baths | 3,385 sqft | $350,000 | Exciting opportunity in fantastic East Cobb location, with award-winning schools, just waiting for someone to make this house shine. Lots of room for the money - 5 bedrooms, 3 full baths, large kitchen open to family room, sunroom usable year-round. Full basement with shop/workroom. Unfinished bonus room with stairs from garage area. Generous sized, gently sloping yard, space for gardening and plenty of parking. Best square footage for the money! Learn more.


03

Open House: Sunday, Jan 31, 2016, 2:00 to 5PM

Address:
445 Saddle Horn Circle,
Roswell, Georgia 30076

Description: 4 beds | 4 baths | 2,000 sqft | $369,900 | This 2000 square foot single family home has 4 bedrooms and 4.0 bathrooms. It is located at 445 Saddle Horn Cir Roswell, Georgia. The nearest schools are Hembree Springs, Elkins Pointe and Milton High. This home has beautiful golden hardwood floors throughout. The property has many beautiful trees, including a Magnolia outside the Breakfast Room bay window. Learn more.

Mortgage Rate Averages

Powered by GA Loan Rates