Interest Rates at Historic Lows
For the first time since 1971, interest rates have fallen below 3%, according to a recent report by Freddie Mac. Nationwide, the average interest rate for a 30-year fixed mortgage is currently 2.98% while the average rate for a 15-year fixed mortgage is 2.48%.
This time last year, the average rate for 30 and 15-year mortgages was 3.81% and 3.23% respectively. Sam Khater, Freddie Mac’s Chief Economist, said that “the drop has led to increased homebuyer demand.”
It’s no wonder people are looking to buy homes now since interest rates are the lowest they’ve been in the last 50 years. Don’t miss this amazing opportunity to own a brand new home.
Take Advantage of These Low Interest Rates
By purchasing a home now, you can lock in these historically low interest rates. Rates this low can even help you afford a larger, more luxurious home than you’d be able to otherwise.
Colony Reserve offers spacious three-bed, 2.5-bath residences, each with a one-car garage, a chef-inspired kitchen, and a range of luxury included features. From the granite countertops and stainless steel appliances to the deluxe roman tub and separate shower, each aspect of the home exudes elegance.
Furnished models are currently available, but they won’t last long. Click here and contact us today to get your brand new, professionally-decorate home while they’re still available.