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Real Estate

3.54% 30 Year Mortgage Rates Heading Into Summer


Mortgage interest rates continue to stay at exciting low levels. Rates on 30 year mortgages earlier in the week were at 3.54% and are available as low as 3.4% from some providers.

“We’re way below 4% mortgages and have been for most of 2016,” said  commented Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The 3.54% interest rate is actually the lowest it had been for the last 3 years.”

Renters who want to stop paying their landlords and those who spend a lot of money on shopping should take note! These low interest rates basically mean that mortgages are ON SALE right now. If you’re in your 20’s or 30’s and your parents owned their home, you’ll be paying a far lower interest rate than they did. This drives down your monthly mortgage payment in many cases to less than you pay in rent in DC,” said Gerard.

What’s not rising fast? 30 year mortgage interest rates. “Housing prices and rents continue to go up, but these low rates really give first time home buyers a huge advantage that was not available in years past. You literally have very reasonable monthly payments if you control your spending level,” said DiRuggiero. “This is a time when you can purchase and lock in a low monthly payment for 30 years, if you never move during the term of the mortgage. Of course, you will move. Rising real estate values give you appreciation and earnings on your home investment when it is time to sell. Buying right now gives you those 2 solid advantages. ”

Our Free Buyer Workshops Calendar

What’s all this really mean? If you’re a prepared home buyer, you can secure 30 years of mortgage payments at 1 low rate, depending on which week you actually purchase. “If you’re seriously considering buying but haven’t taken the time to get ready, we offer a fast track to smart ownership – our UrbanLand Company Home Buyer Workshops give you the tools & info you need to make a strategic move, including how to use $0 Down / easy 100% financing programs that DC offers,” concluded DiRuggiero.

Saturday-Workshop-2

UrbanLand Company Home Buyer Workshops have produced over $26 million in purchased homes since 2014 for DC and Maryland residents, many of which are $0 Down or low down payment loans. To find out next Workshop dates, RSVP here. Workshops are FREE of charge and are held at 913 Florida Ave. NW. near the U Street METRO.

Here’s some of the homes we’ve sold to Workshop attendees!

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