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Interest Rates Drop Below 5%

Mortgage interest rates are now at their lowest levels of the year, according to a Wall Street Journal article released just last week. Experts say rates could dive as low as 4.5% in the next few months. Low rates mean home-buyers have a great opportunity to buy a home with lower mortgage payments. For every 1% reduction in the interest rate, it is like getting a 10% reduction in the home price making it a great time to make a “move.” Economists have attributed the drop in mortgage interest rates to a surge of international investment in the U.S. bond market.  Call us today for a Free Market Analysis, (305) 446-2001. We Need Listings.

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