Thinking of buying, selling, or refinancing?

See What These Numbers Mean For You!

Interest rates are the rates at which money can be borrowed for a set period of time. The higher the rate, the more money a borrower must pay in the form of interest on the loan. When mortgage rates are lower, this makes the purchasing of a home more affordable. Although the cost of mortgages is closely tied to the interest rate, the price at which homes are sold does not always appear in direct correlation.

*Monthly sample payments are based on a loan amount of $400,000, 780 or higher credit score, and a 45-day lock term. Actual payment obligation may be higher since sample payment amount does not include property taxes, hazard insurance, or monthly mortgage insurance (if required).

Thank you, Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have any mortgage questions you can reach her at 360-650-5365!