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Offered by: Dan & Beth Cochran – The Haven Team, Keller Williams

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):

What does this mean for buyers?
This is huge for homebuyers. Those currently taking advantage of the increasing affordability that comes with historically low interest rates are winning big. According to Sam Khater, Chief Economist at Freddie Mac: Clearly, buyers are capitalizing on today’s low rates. As shown in the chart below, the average monthly mortgage payment decreases significantly when rates are as low as they are today.

Bottom Line
If you’re in a position to buy a home this year, let’s connect to initiate the process while mortgage rates are historically low. We would love to be your Real Estate Professional. Please give us a call, 303-709-3501.