Timing is everything when it comes to the purchase of a new home. Knowing when to make the move is just as key as knowing where you want to move and what type of home you want to buy. So how do you know if now is the time to buy the new home for your next exciting chapter?
Of course there are a number of factors to consider, including housing prices, your current financial situation, and personal life changes that may prompt a move. Especially relevant right now are mortgage rates, which are still historically low—and that’s great news for potential homebuyers!
The current U.S. 30-year mortgage rate 3.01%*, as quoted by FreddieMac.com from the primary mortgage Market Survey® US weekly averages on 7/29/20. Mortgage rates for 15-year mortgages currently average a very appealing 2.54%.
What does this mean for new homebuyers? It means that your hard-earned money can go further when purchasing a new home. Low mortgage rates lead to lower monthly mortgage payments—which leaves more cash in your pocket for the fun stuff, like travel or your favorite hobbies. Low rates could also allow you to pay off your home sooner, as you could put that extra cash into paying down the principal. Even a small decrease in the mortgage rate can result in tens of thousands of dollars in savings over the life of your mortgage. Just think of the fun you can have with that extra money!
If you’re ready to take advantage of increased buying power and lock in a low rate on a new Shea® home at Trilogy Wickenburg Ranch, the financial experts at Shea® Mortgage are here to help. They have access to the most competitive rates and programs available, and their goal is to provide the highest level of customer service while offering valuable loan products at a competitive price. When it comes to the purchase of your new Shea Home, they’re the perfect partners because they’re experts in the financing of Shea Homes across the country. They can share this expertise with you so you can benefit from today’s historic low interest rates and improve your family’s financial situation. They have a variety of loan programs, including 30, 15, or 10-year loans, as well has Home Equity Conversion Mortgages (reverse mortgages).
Shea Mortgage is a traditional Mortgage Lender with solid financial stability, abundant funding capacity, and the expertise to take your purchase transaction from application to closing in a timely, cost-effective manner. Give them a call at 480-348-6080 and find out if locking in a low interest rate could put your dream home at Wickenburg Ranch within reach.
*Note that the primary mortgage survey does not take into consideration closing cost fees for individual transactions. This site shows the average of weekly rates and the fees paid by consumers as an average based on the time specifications and as a historical perspective.
Sales: Shea Communities Marketing Company (AZ DRE #CO001121001); Construction: SHALC GC, INC. (AZ ROC #291056). Trilogy at Wickenburg Ranch is an all-ages community with select neighborhoods that are intended for occupancy by at least one person 55 years or older, with certain exceptions. This is not an offer for sale or lease. No offer for sale or lease may be made, and no offer for purchase or lease may be accepted prior to issuance of an Arizona Public Report. A PUBLIC REPORT IS ON THE ARIZONA DEPARTMENT OF REAL ESTATE WEBSITE. Golf course is planned to be private and access requires the purchase of a separate golf membership from the course owner. Trademarks are property of their respective owners. Equal Housing Opportunity.
When Marketing to CA (Add to above disclaimer): WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING.
Although we ask that you prequalify, buyers are not required to use Shea Mortgage as their lender, are free to use any lender of their choosing for the purpose of securing mortgage financing, are not limited to Shea Mortgage, and are free to decline any incentives tied to the use of Shea Mortgage. Arizona Department of Financial Institutions License #0904079, NMLS #40397. For licensing information, please visit www.nmlsconsumeraccess.org.