With Mortgage Interest rates at low levels, now is a good time to purchase a home, refinance or consolidate debts with a refinance.  Last year at this time average mortgage rates were much higher for example a $400,000 loan would have carried a principal & interest payment of $1886.00, today that same loan would carry a lower principal and interest payment of roughly $1686.00.  Even though rates are at very attractive levels, does it make sense to wait for rates to go down further?

No, the monthly savings with a lower rate are nice but are dwarfed by the missed appreciation and amortization, and it would take many, many years to recoup what you would have lost. Remember, there’s no guarantee that rates will head even lower and quite possibly could increase as they are subject to change.  It’s important to weigh the individual options for you and I’m here to help you do that.


Amanda Sells Sac

Sacramento Real Estate