There's good news in the home financing world: Lower interest rates make financing a home today cost less than it did last year, even though prices continue to rise.
Look at the difference in the monthly principal and interest (P&I) payment with a 5% jump in price:
You can see the market offers a renewed opportunity to buy at a lower cost. Of course, no one knows how long current rate trends will last.
If you or a loved one is ready to purchase, please remember that getting a pre-approval for your home loan is a good first step. We are glad to discuss the markets, the process, and the many available financing options.
Are you ready to get started? Contact us today!