Freddie Mac announced today that 30-year fixed rate mortgages are averaging less than 4%, and 15-year fixed rates are averaging 3.3%. These are historically amazing rates. And, keep in mind that these are averages...if you've got solid credit, your rates may even be better. It is time for you to refinance or act on those dreams of moving!
Even Zionsville Community Schools is taking the opportunity to refinance. Zionsville voters approved a referendum allowing the school district to restructure and refinance debt which will help our school district deal with budgetary losses.
If you are renting, your monthly payments in most cases will be less with a mortgage. If you haven't refinanced yet, you can lower your monthly payment or keep your payment the same but own your home free and clear in a shorter amount of time. Like ZCS, you have a great opportunity to restructure and refinance. Give me a call if you need a referral for a knowledgeable and skilled mortgage loan officer.
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