Mortgage Interest Rates Drop below 4%, lowest in 18 months.

The average interest rate for a 30 year conventional mortgage has dropped below 4% for the first time in the last year and a half.  Many buyers have heard stories of climbing interest rates for the last few years, but rates have slowly been dropping in 2019.  This, paired with the Fed’s promise to not raise rates in 2019 make for a good environment to buy your next home and lock in these historically low home mortgage rates.
Bag with the money and the word Mortgage interest rates and arrow to down and house. Low interest in mortgages. Reducing interest payments for mortgages. The fall in housing rates on credit. Low housing demand
If you’re looking to purchase new construction, most builders will require you to use their “preferred lender” in order to maximize incentives from the builder.  These lenders do still tend to be competitive on their rates, and sometimes you may have a few lenders to shop amongst.
If you are looking at a resale home you can always use your home bank and see what kind of rate they can offer, but we also recommend talking to a Licensed Mortgage Broker.  They will shop your file amongst multiple banks and lenders in order to find the best fit for your purchase.  Over the years, we have worked with a few rockstar mortgage brokers.
If you would like to get connected with a mortgage broker and start stopping for your new Winter Garden home, leave us a comment below or reach out directly at 407-955-1672.

 

Published by Judson Osbon, LLC

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Judson Osbon is a Central Florida Realtor, investor, mobile home park manager and operator. I manage Hidden Lake Mobile Home Park in Lake Wales and Ocala Landing Mobile Home Park in Ocala (formerly Penney Park). That work is hands-on: acquisitions, renovations, resident relations, zoning, and running the parks as real businesses. I am also a licensed Florida Realtor with REMAX Prime Properties, working Winter Garden, Clermont, Montverde, Oakland, Windermere, and the Orlando metro. Asset ownership is what I lead with. The license is how I help others buy, sell, and invest with the same practical view. My pledge: To always respond in a prompt, professional manner. My mission: To create long-lasting professional relationships based on honesty, integrity, trust, and teamwork which allow us to provide a memorable real estate experience. Call or text anytime: 407-955-1672 Warmest regards, Judson Osbon – SL3366745 Judson Osbon, LLC TO Partners, LLC Hidden Lake Mobile Home Park Ocala Landing Mobile Home Park REMAX Prime Properties

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