Fabulous Financing: Now's a Great Time to Buy
On August, 22, 2019, The Washington Post reported that the popular 30-year mortgage rate fell to its lowest rate in three years – an average rate of 3.55%, down from 3.6%. A year ago, that rate average was 4.51% percent. And the 15-year average rate sunk to 3.03%! Think of the savings over time!
“Mortgage rates are still low, and it’s a great time to consider purchasing a home,” says Jenni Gill, mortgage loan officer at BancorpSouth in Austin.
Mortgage rates fluctuate, but Gill put together a flyer of what the numbers may look like if you purchased home at Cinnamon Shore. It assumes a $925,000 sale price, 20 percent down, and a 4.023% interest rate on the loan. That puts the monthly Principle…