Home Loan Rates as Low as Five Percent

It’s amazing what a few good days on the bond market can do! On Wednesday, rates dropped briefly below five percent on a 30 year home loan for a borrower with solid credit. Today, rates are still hovering around 5%.

These rates are lower than we’ve seen in years, and they suggest that savvy buyers will be able to take advantage of a competitively priced housing market in addition to these competitive rates.

The result? Those homebuyers that are savvy enough to buy in these turbulent times will not only get a great deal on their new home, but also a great rate on their mortgage.