Buying a Home - The best time to get a mortgage
Buying a home: The best time of the year to get a mortgage
If you have been waiting for those mortgage rates to drop even lower you may want to finally take the plunge and not wait any longer!
According to realtor.com now is the best time of the year to get a mortgage.
A new study from Haus, the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders offer borrowers.
The study found that much like the housing market itself the mortgage market ebbs and flows with the seasons. And January, as it turns out, is the best time of year to get a new home loan on average.
With the mortgage rates at the lowest rate they have been in years - this is your chance. They will only be increasing more over time after this period.
So now.. how do you get your dream home? See how much you can afford, get pre-approved by a lender, view current mortgage rates (all time low right now!), get the mortgage.