LIME REALTY GROUP is dedicated to making sure you know what’s happening in the market.  It’s been a little bit of time between now and the last time we discussed the mortgage rate, so we thought it’d be a good idea to catch up with what’s happening with that.

First and foremost, let me say we check a website called Mortgage News Daily to keep up to date on where the rate is.  If you want to check out the site, click on the pic below to visit…

Today the rate is 4.10% on a 30 year fixed.  That’s slightly down from yesterday…  On the one hand, it’s over 4%.  That’s a little higher than it’s been over the year.  On the other hand, it’s falling from where it was yesterday at 4.13%.

The best thing to take away from this right now is the rate is still holding right around 4%.  Granted, you might end up above the 4% line or under it, but it’s pretty safe right now to estimate with a 4% rate.

It continues to back our advice…  Lock in a rate.  Lock, lock, lock.  You can always let a higher rate go if it gets lower as you approach your actual buy date, but if you don’t lock in a rate and it goes higher by the time you’re read to buy, you can’t get that lower rate.  

For more information on locking in a rate or seeing how much you’d qualify for, contact Lime today and let us help you take the first steps to home ownership.  We’re here to make your dream home come true.