Interest Rates On The Decline

Interest Rates On The Decline

If you’ve been thinking about buying a home or re-financing, now might be the time as mortgage rates have fallen.  The new lower interest rates mean, For Sale, signs won’t be staying in lawns for very long as consumers will have more buying power.

 Research suggests that the rates are likely to continue to drop– and it’s something consumers should take advantage of.

If your interested in purchasing a home,get in and talk with a lender; see what you would qualify for.  Some consumers may be surprised, they might be able to go up to that high price range again. The lower the rate, the lower they monthly payment– some may be able to afford a little bit more than they anticipated.

Now is also a good time for people looking to re-finance to contact their lenders, and rates can change while you’re negotiating however, so oftentimes it’s hard to tell what the final rate you’ll lock in will be. That's why I would suggest talking to at least three lenders; do your homework and go with an educated decision.

Rates fell after the fed’s announcement in March that it will begin buying bonds again and have continued through the month of April.

With the weather cooperating and a lot of inventory to choose from in the Bismarck/ Mandan area; now just might be the time to start looking for that starter home, investment property, or final dream home!


Tisa Peek Headshot
Author:
Phone: 701-214-1188
Dated: May 2nd 2019
Views: 88
About Tisa: Tisa has been in sales for sometime and comes to you with a passion for helping the client! She is o...

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