30 Years of Certainty
Thirty years can sound like a lifetime when you're talking with your lender about getting a 30–year fixed–rate mortgage.
There are so many uncertainties in life and who knows where you'll be in 30 years. Will you switch careers? Will you move cities? Will you have children?
Your monthly mortgage payment and interest rate will remain the same as the day you locked in your loan -- guaranteed.
It may be a long period of time with many unknowns, but a 30–year mortgage provides you with many certainties:
For the fourth consecutive week, mortgage rates continued to climb as home buyers face higher borrowing costs.
“Mortgage rates are drifting upwards again and represent continued affordability challenges for prospective buyers—especially first-time buyers,” says Sam Khater, Freddie Mac’s chief economist.
30-Year Mortgage Rates Reach Highest Level Since May
With all the benefits that come with a 30–year fixed–rate mortgage, there are important considerations to keep in mind.
To ensure that you obtain the mortgage that's right for you, it's important that you talk with your lender.
We realize the decision to Sell or Buy is a personal one that depends on your financial situation, future plans and lifestyle. When you’re working with real estate professional Carriene Porter of Precision Realty & Associates, you’re guaranteed to get the expertise and advice. CALL 801-809-9866 today.
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