Mortgage Rates are Moving. Is Now the Time to Buy?

March 22nd, 2017

According to U.S. News and World Report, the answer is “yes!” Reporter Theresa Mears notes that analysts expect rates to rise this year, but probably not by more than one-half to three-quarters of a percent, which means rates are predicted to stay below 5 percent for a 30-year, fixed-rate home loan.

Mears quotes Ray Rodriguez, regional mortgage sales manager at TD Bank in New York, who said, “If you can get a mortgage for 30 years at 4 or 5 percent, compare that to your credit cards, where interest rates are usually in the teens or 20s.” The bottom line is that a home mortgage will still be a good deal for most homebuyers this year. For expert insight and additional details read the full article here.

If it convinces you that now’s the time to buy, visit a Sal Paone Builder community and tour our beautiful models. Or click here to browse our website. It could be the best decision you make in 2017!

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