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!

Tags: low mortgage rates, mortgage affordability, mortgage rates, mortgages