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 according to Freddie Mac are nearing historic lows this month—great news for potential homebuyers!
 
Mortgage rates fell fairly consistently as spring moved into summer, with the current U.S. 30-year mortgage rate at 3.6%*, as quoted by FreddieMac.com from the primary mortgage Market Survey® US weekly averages as of 8/8/2019. This is a welcome change from just eight months ago, in November of 2018, when the national average mortgage rate reached nearly 5%. Mortgage rates for 15-year mortgages currently average a very appealing 3.25%.
 
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!
 
Take advantage of your increased buying power and take a look at some of the stunning Quick Move-in Homes at Trilogy® communities across the country. These designer homes are ready when you are, which means that you can lock in today’s low rates and start living The Good Life at Trilogy this summer.
 
Browse the Quick Move-in Homes on our website, or call your New Home Advisor at 800.685.6494 to discover the homes that are available today at one of our Trilogy resort communities.


*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.

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