The month of June is one filled with much to be excited about. School’s out, summer’s in and it’s National Homeownership Month! This is a wonderful time to celebrate your home for not only keeping you safe, but also cushioning your wallet. Throughout homeownership, property value appreciates which leaves you, as a homeowner, with more equity. This extra money can help you pay for other expenses, such as car and college payments.
For many Americans, owning a home has epitomized the achievement of the American dream. With the housing market on the upturn, this dream is becoming a reality for more Americans each and every day. Conditions for home buying are in an ideal state, with residential mortgage rates near record lows. These low rates have decreased the cost of home loans, making it possible for more people to purchase houses.
Trends suggest that this decrease in interest rates will continue. For the past five weeks, home mortgage rates have continued to fall, landing at the lowest rate the market has seen since October 2013. These rates have caused a drastic increase in consumer confidence, stimulating an increase in housing activity.
The combination of low mortgage rates and increased consumer confidence makes this June’s National Homeownership month the perfect time to make your American dream a reality! If you’re thinking about becoming a homeowner, Academy Mortgage can help you take advantage of these ideal conditions.
To find a loan, get a rate, or calculate your payment, contact Academy Mortgage today!
Equal Housing Lender. (c)2013 Academy Mortgage License #3113. GA Lic. # 20505. This is not a commitment to lend. Academy Mortgage Atlanta: 5565 Glenridge Connector, Suite 400. Atlanta, GA 30342. Georgia Residential Mortgage Licensee.