Atltransitions

Big news! The Federal Reserve is expected to cut rates soon, and that could mean major savings for homebuyers. A potential 0.25%-0.5% rate cut can lower your monthly mortgage payments significantly. This month alone rates have begun to fall as the banks anticipate the fed cut. For example, the monthly payment on a $400,000 mortgage back in April at 7.52% was $2,802.34 , and today the same mortgage but at 6.12% interest rate bolsters a monthly payment of $2429.15, nearly $400 more in your pocket. That’s thousands of dollars in savings over the life of your loan!

With rates dropping, now is the perfect time to lock in a lower mortgage and increase your buying power. Call us today to get prequalified and take the first step toward your dream home!