How Long Will Ann Arbor Mortgage Rates Remain This Low?
Mortgage rates for the Ann Arbor area
have remained low for 12 weeks now. They moved up about a 1/4% two weeks
ago and just came back down over the past few days. We should continue to see rates in
this range throughout the rest of the year, making this a wonderful time to make a home purchase and take advantage of these low rates. As an Ann Arbor condo buyer, your purchase power is increased by
$10,000 to $50,000 with these current rates. Imagine getting more condo for your money! You
can buy FHA with as little as 3.5% down and we have several conforming
programs with 10% down.
*Rates are based on a mortgage of $200,000, 80% LTV, no points and a credit score of 740 or higher.
Please
keep in mind that interest rates are subject to change without notice.
The rates listed above are average rates and are subject to change
without notice.
To find out more
about the current interest rates and which loan program is best for you,
contact Charlie Chapell with United Bank & Trust today at
734-214-2728 or
cchapell@ubat.com
.
Now
is a great time to take advantage of the low interest rates combined
with low condo prices! Thinking of a Downtown Ann Arbor Condo? View all Ann Arbor condo complexes here and to search homes, visit our Ann Arbor Subdivision Hotline!
Posted Wednesday, December 14, 2011 by
Martin Bouma
Tags:
ann arbor condo ,
Ann Arbor Homes,
ann arbor mortgage interest rates,
Charlie Chapell,
United Bank and Trust,
Ann Arbor Condo Buyer