Great Interest Rate Environment!!
Now is the time to buy that home or refi your existing home if you haven’t already!!
Mortgage rates dropped to the lowest level in decades this week, and home affordability is very favorable. Uncertainty about the extent of global economic growth and continued low inflation levels have helped mortgage rates reach these levels.
After months of debate, Congress reached agreement on the Financial Reform bill, and it is expected to pass next week. The bill includes many provisions which will affect mortgage lending and the home buying process, but the impact will not be fully known for some time as many of its changes are subject to regulatory discretion. Separately, the larger bill containing an extension to the home buyer tax credit “close-by” deadline failed to pass this week. Lawmakers will continue to debate the bill, but it appears unlikely that the “close-by” deadline will be changed before the current June 30 deadline is reached.
For a current quote on interest rates, please feel free to call or email me at 262-696-5041 or krissteinbach@inlanta.com
