Many industries faced significant problems in 2020 as a result of the coronavirus pandemic. The housing market was a different story – it thrived. Mortgage rates fell to historic lows while housing prices increased in most markets across the United States.
With today’s mortgage rates and mortgage refinance rates resting below 3%, you might be thinking about buying a home. Of course to want to save as much money as possible when you buy your new home. With the housing market and interest rates situated as they are, now could be a great time to find your dream home and take advantage of super-low rates. The reality is that your potential monthly mortgage payment may never be lower.
Take a look at our handy online mortgage calculator to estimate what your new payment could be. Feel free to reach out to Scott Bennett at 503-703-4699 or scott@altmo.com to talk about your current situation.
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