The Federal Housing Administration announced Monday it will save the average homeowner $500 this year by reducing the annual insurance premiums; saving borrowers about a quarter of a percent, according to U.S. Housing and Urban Development Secretary Julian Castro.
While still higher than before the election, it was a big drop from 4.36 percent a week earlier. According to Mortgage News Daily, on Monday morning, the rate for a typical 30-year fixed rate mortgage with 20 percent down was 4.15 percent, .
What does this mean? NOW is the time to lock in your lower mortgage rate! Prices are projected to rise again this year.
So if you're interested in buying a home in the Southern California Area Click here to search for your perfect home.
If you're considering selling a home, The Aguilar Realty Group is well acquainted with Southern California and the communities of the East San Gabriel Valley and Inland Empire. We have been selling Southern California homes for over 20 years and we’d love to make you a priority as our trusted client.
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626.255.2783
