When it comes to securing a mortgage, there are few things more important than your interest rate. Securing a low interest rate can save you tens of thousands of dollars over the course of your loan, while a higher interest rate can dramatically increase your monthly payments—and put your dream home out of reach.
But, as it turns out, if you’re in the market for a new home, now is a great time to get a mortgage. According to a recent article from Realtor Magazine, the average 30-year, fixed-rate mortgage for the week ending June 6, 2019 was 3.82%—the lowest average interest rate since September 2017.
If you want to save on your home purchase and bring down your monthly mortgage payment, now is the time to make a move and secure an ultra-low interest rate.