Mortgage rates have recently been on the decline, and as new reports come in, they continue to decrease. About a year ago, the average nationwide mortgage rate was around 4.5%. Today, it’s nearly one percent lower at around 3.5%. With this lower rate, mortgage borrowers today will save around $50 per $100,000 or an average of over $650 per year – and over the years of the loan, those savings will definitely add up!
Mortgage rates for 30 year loans have been on a steady decline, but not all people have access to the lowest rates, as they vary by region. Rates in the West Region of the United States have been reported as the lowest in the nation as of late, which means that homeowners and home buyers in Washington have access to the lowest rates in the country. If you’re thinking about buying a home or refinancing, the time may be right to lock in the current mortgage rates to save you money over time. Additionally, if you’re an active home buyer in Seattle or Bellevue, today’s low rates will boost your maximum purchasing power. Talk to Sammamish Mortgage today to find out more about taking advantage of some of the lowest mortgage rates of all time. Visit our useful Mortgage Rate Chart for the latest data on Seattle and Bellevue mortgage rates for a variety of loans.