Low FHLMC Rates on 30-Year Fixed-Rate Mortgages
Written by Eddie Neiman
Certified Mortgage Planning Specialist
National Mortgage License #237074
Mortgage rates are at or near all time lows as indicated on the associated graph. What that means to you the borrower, or buyer, is that the cost of money today is less expensive for you. For example a $100,000 borrowed at today’s average rate of 3.92%. The monthly cost of principle and interest amortized over 30 years is $472.81. If you had to pay the average rate of the last 30 years, 8.32%. That same $100,000 would cost $756.19! The bottom line, money is less expensive today making borrowing to buy a home more affordable.
“Mortgage planning is a process….not a product.”
I provide mortgages and reverse mortgages on primary residences, second homes, and small apartment buildings when purchasing or refinancing. I take a financial planning approach to mortgage debt management, helping my clients create debt strategies to increase their net worth and cash flow.
My team and I take pride in delivering first-class service to all of our clients. We are always available to your family, friends and co-workers for any advice on mortgage financing. We are committed to building productive, life-long relationships with our clients, one client at a time.
Castle Funding Corp.
10513 Santa Monica Blvd.
Los Angeles, CA 90025