Currently the best rate available for a 30 year fixed rate is about 5%. Many potential borrowers are turning their noses up at this phenomenal rate as greed has set in and they will wait for the fictitious rates to drop below 4%. This rate is a pipe dream and everyone in the industry knows it. For historical sake please look at the average interest rates since 1971 as compiled by Freddie Mac.
You will notice the recent Dip in rates. This artificial low has been corrected by the market and rates continue to rise. Act now while you can get one of the most historic lows. Rates have never been this low and my never be again. Don’t waste an opportunity to save hundreds of dollars each month for the life of your loan.
JR McKee started as a loan officer in 2005. He holds a Bachelors degree in Economics from Brigham Young University and has a wife an 3 beautiful children. JR also spent 4 years as an Air Force Reservist. When he is not working to save veterans money each month he can be found on the ski slopes in the winter, and the Ball diamond with his son, or on the golf course, in the summer.