Rates are down almost 1% lower from last years rates.

Rates are down almost 1% lower from last years rates.
 
Here’s an example to show you how much that impacts your payment.
 
Example:
Loan Amount $400,000
Payment Last Year on the above loan amount = $2,208.81 Principal & Interest
Payment This Year on the above loan amount =$$1,997.14 Principal & Interest
 
That saves you about $200 / month from last year.
 
My point, if you are serious about buying, catch these rates while they are low and before the Spring Purchase Market is in full swing. Rates won’t stay this low.

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