4.25 Percent and Falling...
Not long ago, we wrote a piece wondering if 4.5 percent interest rates would become a reality for new home owners in the near future. It now seems like that number should’ve been a little bit lower.
UrbanTurf has learned that Prosperity Mortgage, the mortgage lender associated with Long & Foster, is now offering 4.25 percent interest rates for conforming loans up to $625,000.
In an email from Wes Foster, the head of Long & Foster:
“Prosperity Mortgage has available 4.25 percent money for 30-year fixed-rate for conforming loans up to $625,000 with 25 percent down (in the high cost markets) with a total of 3 points that can be paid by the seller, buyer or split between them.”
Will we see 3 percent rates anytime soon?
See other articles related to: dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/4.25_percent_and_falling/459.
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