For those of you in the housing market, the rate for a 30-year fixed mortgage is down to 4.01 percent. Keep in mind that this is now the lowest rate on record. The last time home buyers were able to find something this low was in the early 1950’s. Additionally, for a 15-year fixed mortgage, the rate is 3.28 percent, which is the lowest rate ever recorded. Mortgage rates may drop even more since the Federal Reserve announced that they would try to continue to lower long-term rates.
Some of you may already have a mortgage. This is good news for you too! Refinancing at a lower rate means less interest paid. You then have more money for yourself, which the government hopes would be spent in order to boost the economy.
Furthermore, Encharter Insurance is here to help you save on your Massachusetts Homeowner’s Insurance. Our agents can help you find the best deal to save money each month on your MA Insurance. So take advantage of some of the lowest long-term mortgage rates in history and visit a local Encharter Insurance office for all your insurance questions.
Photo: homesfromthewebb.com
No Comments on "Take Advantage of Low Mortgage Rates with a New Home and New MA Insurance!"