Interest Rates Near All Time Lows

Low Interest Rates

Interest Rates Near All Time Lows

Recently we’ve seen interest rates fall drastically. Prior to 2020, a 4.25% APR interest rate was pretty solid and compared with previous years was quite low. However, during 2020 we saw interest rates plunge into the 3’s and some loans even under a 3% interest rate. Today, we are seeing most of our clients lock in their interest rate between 3.25-3.75% APR. You can keep up with current releases of interest rates HERE.

What do low rates mean for you as a buyer? Low rates translate to a lower mortgage payment or you can qualify for a higher price point. On a $250,000 home, a difference of 1% on the interest rate is the difference of nearly $150! Below you can see samples of zero down loans with an estimate of the all-in monthly cost. This assumes a $250,000 home with zero down. The first image reflects a 4.5% rate from two years ago versus a 3.5% rate that buyers could see today. It also includes taxes, insurance and estimated PMI payments.


With rates so low, it’s a phenomenal time to buy a home. Reach out today and let’s start the process for you!

Sean Nance
(469) 319-0941

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