The average current mortgage rate has dropped for the fourth time in the past 5 weeks. The average is presently sitting at 4.13%, indicating that now is the perfect time to shop around for mortgage rates. However, homeowners are not jumping on this opportunity like they should. If your mortgage dates back to before the year 2010, you should seriously consider refinancing and watch as your savings grow! You could save almost as much as 30% each year. That’s a bargain!
The average30-year fixed-rate mortgage is the highest it has been in the past 13 months! The current 15-year average mortgage rate also fell, and is sitting pretty at 3.23%. However, keep in mind that these numbers do not represent FHA mortgage rates, or VA mortgage rates. Speak with a mortgage specialist to determine whether refinance would be an intelligent move.
The skillful insurance agents and mortgage experts at Insurance And Mortgage Services can provide you with everything you need to save money. Serving the Chicago area, we make your satisfaction our number one priority! Give us a call, today!