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Historically Low Interest Rates Make it a Great Time to Buy a Home

Posted by Jeff Sallan on Monday, March 9th, 2020 at 7:36am.

Interest Rate, Interest, Percentage, Percent, MortgageMortgage rates have dropped to lows not seen in nearly 50 years! If you are planning to purchase a home in the near future, it may be worth it to start the process now. As of this writing, mortgage rates are: 

30-year Fixed Rate Mortgage: 3.29%

15-year Fixed Rate Mortgage: 2.79%

Check current interest rates here. 

To put the current interest rates into perspective, the previous lowest rates occurred during the housing crisis in November 2012 when mortgage interest rates dropped to 3.31%. 

If you are considering purchasing a home or refinancing your current home loan, talk with a mortgage professional to see if the lower rates will be of benefit and check out this post to see what questions you should ask before you refinance. 

If you have any questions about the Reno-Sparks real estate market, please reach out. With years of experience helping local buyers and sellers just like yourself, we know how to locate the finest properties and negotiate the best deals.

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