It sounds like a broken record…but rates continue to stay at record levels with no sign that rates are going to increase anytime soon!
30 year fixed rates are averaging 4.75% with no points and approximately 4.50% with an origination fee (which is the rate quoted on a national basis).
The 10 year fixed w/ 30 year amortization is a great program to consider with rates at 4.25% on average! How many home buyers stay in a home or mortgage longer than 10 years?
Fixed rates are hard to pass up in this market, however this 10 year program is a great alternative to a lower monthly payment…
Have a great weekend!
