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• January 16, 2008 - Mortgage Rates are at a Two-Year Low!

Rates have dropped—and homes are a lot more affordable now.

Mortgage rates are at a two-year low, and Century 21 Mortgage is offering you the opportunity to obtain reliable financing at very affordable rates. Contact us today to find out how we can help you get into their dream home while rates are low.

If you finance your home while rates are low, you can save hundreds of dollars a year (or more), according to Freddie Mac’s January 10, 2008 Primary Mortgage Market Survey:

The average principal and interest payment on a $250,000 loan has dropped by $131.83 per month since August 3, 2007.1

And, there’s more good news:

  • The 30-year fixed rate mortgage averaged 5.87% with 0.4 points2
  • The 15-year fixed rate mortgage averaged 5.43% with 0.5 points2
  • The 5/1 ARM averaged 5.63% with 0.5 points2
  • The 1-year ARM averaged 5.37% with 0.6 points2

Go with a lender you can trust.  
With over 150 loan products, Century 21 Mortgage will find the mortgage that meets your financial needs.

1. Calculations based on the Freddie Mac average 30-year fixed rate mortgage on August 2, 2007 (6.68% with 0.3 points) versus the Freddie Mac average 30-year fixed mortgage on January 10, 2008 (5.87% with 0.4 points).
2. “January 10, 2008 Primary Mortgage Market Survey (PMMS),” Freddie Mac, McLean, Virginia.

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Paul & Randy are the Homes2Know Team & this is our Blog. Our Blog is designed to be a resource for buyers, sellers, homeowners, and those relocating to the Phoenix area.

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