According to an article via Mortgage News Daily posted yesterday, mortgage rates moved slightly lower yesterday, but the change was enough to officially hit new all-time lows. Now more than ever, first-time homebuyers have the opportunity to purchase a really great home in some of Atlanta’s best neighborhoods.
The article from Mortgage News Daily states:
Certain lenders’ rates are unchanged on the day, and some are even slightly higher, but the average moved lower. Even then, the actual INTEREST RATE would be the same as it was yesterday. The improvements from yesterday were seen in the form of lower borrowing costs for those same rates. Bottom line: Best-Execution remained at 3.625%, but just got a bit more affordable.
Current homeowners can also benefit from the low mortgage rates, too. With opportunities like HARP 2.0 and the FHA Streamline Refinance Program, many households can take advantage of these great rates, while putting some money back in their pockets for summer. Timing is important in seeing what the housing market will ultimately look like for the rest of the year. What do you think the housing market will look like at the end of this year? Leave us a comment below! And don’t hesitate to contact the Mortgage Guys Atlanta for all your mortgage-related questions and concerns!