Over the course of the past three years mortgage rates have reached exceptional lows. In November of 2011, 30-Year Fixed Rate Mortgage Rates bottomed out at 3.4%. The rates have since increased, and will probably continue to do so. Now is the time to take the plunge into homeownership. The chart below depicts the spike, subsequent decline, and slow ascension in mortgage rates.
"Housing may never again be as affordable as it is right now"
-John Maxfield, The Motley Fool
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Don’t be intimidated! According to the Housing Affordability Index 170.3% of typical families can qualify for a conventional loan on a median-priced single-family home.
You could be part of the 170.3%; start the process today by contacting Dragas Mortgage. Curious to see what The Dragas Companies has to offer? Head over to dragas.com to see our communities.