The Weekly Poll: What your current interest rate?
The weekly poll is thinking about refinancing. Go help it make its mind up.
This week’s topic is about your home mortgage and what kind of interest rate you have on it. Rates are still at near historic lows, hovering right around 5% and most of the buyers I’ve worked with this year have managed to secure at loan below 5.5%. Loan officers are telling me that they are keeping super busy with homeowners who are taking advantage of the current market to refinance out of higher rates they got just a few years ago. Of course, I also talk to people who got adjustable rate mortgages with great intro rates back when the market was swingin’ and ARMS were all the rage. Unfortunately, those low intro rates have now adjusted to 8% or higher. Ouch.
So what about you? What’s the current interest rate on your home mortgage? Are you one of the lucky few who got in super low or are you shouldering the burden of a much higher rate you can’t get out of? Cast your vote and let me know.
No matter what your interest rate, you can always get the latest info on the Knoxville real estate market – just sign up to receive regular updates from All Around KTown in a feed reader or by email today!
photo credit: ralphunden
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
5.25%
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