Just when you thought interest rates couldn’t get any lower, they have!
This affords home-buyers a great opportunity, because mortgage interest rates can considerably affect the cost of purchasing a home through financing. Mortgage interest rates are influenced by economic indicators, like employment rate and the gross domestic product, also known as GDP.
“With lingering concerns over a weak second quarter reading of US GDP growth, along with continuing anxiety over global growth and financial markets, rates edged lower for the second week in a row, ” said Joel Kan, associate vice president of industry surveys and forecasts at the Mortgage Bankers Association. He said Friday’s strong employment report for July was too late to influence average mortgage rates.” http://www.cnbc.com/2016/08/10/mortgage-applications-jump-as-rates-drop-on-weak-gdp.html
Remember to give us call at 704-606-9460 if you need to talk to one of the best real estate agents in the areas of Charlotte and Huntersville www.modiagroup.com