October 7, 2011 Ann Arbor Mortgage Interest Rates

Rates Continue to Decline

Ann Arbor mortgage rates have hit another low! The mortgage rates have been down for 6 weeks now and at this level for the past 2 weeks. We should continue to have rates in this range throughout most of the 4^th quarter. What a great time to make an Ann Arbor home purchase with these lower mortgage payments! With these rates your buying power has increased by $10,000 – $40,000, depending on your purchase price.

Please keep in mind that interest rates are subject to change without notice. The rates listed above are average rates and are presented to provide an illustrative perspective. 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. If you haven’t already taken advantage of the low interest rates combined with low home prices, now is the best time! To search for that perfect Ann Arbor real estate, visit our Ann Arbor MLS site here!