Interest rates are at historical lows with many lenders offering rates of under 5%. This definitely increases affordability when shopping for a home. The Fed has declared that they will keep their interest rate where it is for right now, but they are concerned about inflation in the future. This will require them to raise interest rates, most likely some time next year. For the latest interest rate info, you can go to www.bankrate.com or you can contact a couple of lenders to see exactly what interest rate you can qualify for on a home loan:
Heather Millspaugh at Banker’s Funding: 949.547.4858
Dave Gaylord at Loan Link Financial: 949.939.6011
Mary Vachon at Wells Fargo: 949.244.5890
