Mortgage Rates Hit Another All-Time Record Low
The summer is heating up as record low mortgage rates continue to spur homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.
If you are looking to get pre-approved for a mortgage, I would suggest consulting with Cindy Kramer, the VP of Mortgage Lending at Guaranteed Affinity. She is my trusted mortgage expert. Not only is she knowledgable, but she also is accessible, has very competitive rates, and is wonderful to work with.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
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