January 29, 2014

Mortgage rates are STILL looking very good!

They aren’t at the historic lows we saw a year ago, but current mortgage rates are still extremely attractive. Let’s put it in context. Ten years ago, a 30 year fixed mortgage rang up at about 6.5%, and was considered a great rate at the time. Twenty years ago, rates hit 9%.

With current 30 year fixed rates hovering in the low to mid 4% range, all bodes well for the coming spring real estate season. And if you plan to be a buyer, make sure to get pre-approved for your mortgage with LMCU. Pre-approval shows sellers that you’re serious. Having documented financing in place gives you a competitive edge.

But of course, there’s more to a mortgage than even a guaranteed low rate*. Speak with a LMCU mortgage specialist today for details about the right mortgage plan for you. Visit any LMCU branch, call (616 or 800) 242-9790, or go online to lmcu.org today to learn more.

*Lake Michigan Credit Union will match any legitimate competitor’s offer, or credit the borrower $300 off closing costs. Our low rate guarantee cannot be combined with any other offer. For more details, please contact us. Other restrictions apply.