The year is nearing its end, and it’s been a fantastic year at that. Here at SouthStar Communities, there are so many things we have to be grateful for this Thanksgiving.
Since the beginning of the year, the 30-year fixed mortgage rate has fallen from 4.3 percent to 3.8 percent. Although a half point may not seem notable, it can translate to significant savings on a monthly basis over the life of a loan. A recent article, Half-Point Drop in Interest Rates Boosts Buyers’ Budgets, tells buyers that they should take a second look at their housing buget.
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