• (714) 336-3375
  • info@momentumrg.com
  • NMLS #313044
  • CBRE #01364278
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
Menu
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
Search
Close this search box.

Low Mortgage Rates a Crucial Component to Home Ownership

Low Mortgage Rates a Crucial Component to Home Ownership

  • April 28, 2013
  • Amy
Low Mortgage Rates

Record Low Mortgage Rates Impact Home Ownership

Searching for a new home is both a rewarding lifestyle experience and a test of your real estate knowledge.  While the market continues to improve the available inventory remains at lower price points with most experts predicting rises in overall prices for the next few years.  As a potential new homeowner, the opportunity to purchase and see an increase on an investment is the American dream.

Along with location and price, a low interest rate paid toward the home loan is a crucial factor impacting the overall profitability, success for your home investment.  Understanding the value of loan rates, points, and overall monthly, annual, life of loan costs at rates is a large piece of the home investment puzzle. Whether you’re a first-time homebuyer or a repeat homebuyer, whether you’re buying a home or refinancing into a new loan, locking in the lowest possible mortgage rate is always a top concern. Mortgage rates fluctuate daily and can vary for each mortgage but today mortgage rates are amongst the lowest ever.

Momentum Realty Group helps potential home owners find their dream home, community and provide an understanding of home costs and related interest rates.  While pricing remains relatively low compared, the rock-bottom interest rates offered now combine to make home ownership more affordable, and possibly the best investment, in years. Mortgage rates have fallen to their lowest point in decades over the last few years, opening up additional buying and refinancing opportunities for millions of American borrowers. But low mortgage rates never last forever. Whether you’re buying or refinancing, have an interest rate or a range of rates in mind that best suit your budget. Once mortgage rates reach those levels, it’s time to lock in your rate. Remember: mortgage rates always rise faster than they fall.

While 30 year fixed rate loans hover in the 3.3-3.5% range with 15-year fixed loans at record lows dropping to unheard of 2.6%.   Using Momentem Realty Groups Mortgage Calculator to easily input your home price, loan amount, the huge costs savings of the low rates compared to just months ago are astounding.

For example, let’s assume a standard 30-year fixed loan amount of $250,000.  In the past, a rate was considered excellent if it was at 7% netting a monthly payment of $1,665.  Today, at historic rates of 3.5% that rate falls to $1,120 per month, a savings of over $500 a month, or $6,000 a year!

Low Mortgage Rates

Share:

More Posts

Mobile Real Estate Made Easy

At this day in age, almost everything has some aspect of social media attached to it and most information can be found online. Real estate

10 Helpful Ways to Organize Your Home

Did you just purchase a new house? Are you in need of some organizational guidance when it comes to moving into your new home? Or,

5 Things to Consider When Choosing the Right Neighborhood

There is a never-ending checklist of things one must remember to keep in mind when it comes to selecting the best neighborhood to live in.

How to Make Your Open House Effective

An effective open house is a valuable tool to increase the price of your home. To impress the potential buyers, you have to do something

Send Us A Message

PrevPreviousRossmoor Students Excel
NextHuntington Beach A Vacation Out Your DoorstepNext

START RIGHT NOW

(714) 336-3375

1451 Quail Street, Suite 110B
Newport Beach, CA 92660

Momentum Realty Group was founded by Karl in 2009 to help others achieve the dream of ownership and peace of mind. With over a decade’s worth of experience in real estate, Karl designed Momentum to break the mold of the traditional brokerage model and put primary focus of all transactions on the “why” of his clientele. 

NAVIGATION

  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS

Newsletter

© 2020 Momentum Realty Group. All rights reserved. NMLS #313044. CBRE #01364278.

Twitter Facebook-f Linkedin
Rossmoor Students Excel Rossmoor Real Estate | Momentum Realty Group | Rossmoor Realtors Orange County Real Estate Huntington Beach A Vacation Out Your Doorstep

Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
December 4, 2023 Monday!
Momentum Realty Group
  • Login
Forget Password?