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.
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.