Mortgage rates hit LOWEST point in 50-year history!

Dated: 03/05/2020

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If you've been on the fence, NOW is the time to BUY or REFI.
ENJOY $200 SAVINGS EVERY MONTH on a $500,000 loan at 3.29% compared to 4% just last year! Both are great rates but today's low offers advantages and savings! The lower rate can save homeowners $200 a month or increase a buyers buying power by nearly $30,000! Those buyers who were approved for $500,000 last year would not be approved for $530,000 opening the door to more home choices! 
Call Brandon King Home Selling Team at 661-313-4284 for assistance in finding the lowest mortgage rate and a free list of homes matching your search criteria. Our list includes bank owned, foreclosure, distress homes and those not found anywhere online!
The average 30-year mortgage hit an all-time low of 3.29% this week, according to data from Freddie Mac.

“The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history,” Freddie Mac Chief Economist Sam Khater said in a statement. “Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down.”

“Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s clear the housing market continues to be a positive force for the broader economy.”

https://www.inman.com/2020/03/05/30-year-mortgage-rates-hit-lowest-point-in-50-year-history/

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