Hello Home Buyer.
Here’s the biggest story in the mortgage world right now (and it's really good news for home buyers).
Mortgage Rates Are MUCH Lower
After 6 straight weeks of falling mortgages rates - yes, SIX! - the average interest rate on a 30-year mortgage is now down to 7.03%. That's almost to a quarter-point below where it was last week, and three-quarters of a point below November 1.
Why It's a Big Deal
Mortgage rates are making historic improvements for home buyers. In last four years, only one other time have mortgage rates dropped six weeks in a row. And... if we get to seven weeks in a row this week, it will be the first time that happened since 2012.
Check Out the Rates
If you like seeing a 7.03% interest rate, wait until you see the mortgage rates Homebuyer customers get. All last week, we had mortgage rates in the 6s which means big savings for first-time home buyers.
What You Should Know
With mortgage rates like these, it's a good time to see how much house you can afford. Lower rates make a huge big difference in the size of your monthly payment. Check out the latest rates to get an idea of what this means for you.
I know that figuring out mortgages can feel tricky. Our whole company here to help make it easier. If you have questions or want to learn more, visit us on our website or hit reply to this email.
Happy Homebuying!
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