Mortgage Rates Low, But Won’t Stay That Way Forever

If you are looking for property sales in Jacksonville, then you have probably already been to the bank to talk about mortgage rates. If you haven’t, then we suggest you make your way over there stat and see what you can get. Why? Because right now mortgage rates are consistently low, and consistency isn’t something that is always said of mortgage rates.

There are a lot of people out there who got burned pretty bad during the housing crisis of 2008 and thereabouts, and Jacksonville is actually one of the central locations for foreclosures in the United States. You can find a Jacksonville foreclosure easier than you can find a seller-owned property in many parts of town, and this makes it easy to purchase a home that is under market value, helping you to make a few extra bucks in the process.

Mortgage rates have stayed at about 4.25% lately, and this has been great news for people who are interested in purchasing homes–especially for those first time home buyers who are trying to get out from under the rental property management cycle. While renting a home in Jacksonville is convenient and often inexpensive, there is something sweet about buying your own home, and the low mortgage rates are encouraging more and more people to take the plunge and make a purchase.

The low mortgage rates are pretty universal right now, set by the FHA. It is hard to say what will come next, but most experts are expecting the mortgage rate to stay where it is for the next couple of months before it starts to head on up again. This means if there was ever a time to take a risk and get in the market, it is now.