Dwell Blog // Interest Rates

You may have seen the headlines — According to Freddie Mac, Interest Rates for home loans is the lowest they have been in… 50 YEARS!… WOW.

Simply put: Incredible Time to be a BUYER. Sure, inventory is ridiculously low so its a GREAT time to be a seller but equally – to be a buyer. For the investment aspect alone and the savings to YOU AS THE BUYER. Read on, ill explain and show you the numbers:

Lets talk about numbers (using estimates and $750K – average Dwell sold price).

  • At 2.875%, 20% down, estimated mortgage payment is: $2489.
  • At 5% (which we saw about 18 months ago..), 20% down, estimate mortgage payment is: $3221.

Savings of: $732 A MONTH or, $8784 a YEAR, or $263,520 savings over a 30 year term.

This exact scenario – (buyers locking in historically low interest rates) – is why we’ve seen a summer frenzy! Buyers are wanting to lock in these incredibly low interest rates for their more ‘forever’ homes, and putting their wealth at first priority. Lets partner together! We have incredible lenders in our corner – local and trusted.

We are a team dedicated to serving others as we envision the Real Estate Process to be. A boutique approach to buying + selling homes. We take pride in the service we deliver to our clients, offering un-paralleled service. We believe a house is so much more than 4 walls and a roof. It is a place to grow, share memories and milestones with family. A place where your life transforms, and where you start and end each day. Dwell represents what a Home is – a place where our clients reside. Where they Live. Where they grow. Where they make memories. We cover Pierce, King, and Kitsap Counties. We are a full-service team with over 38 years of experience. Please call or text us anytime: (253) 905-0150

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