Ann Arbor Mortgage Rates for October 7, 2011

Mortgage Rates Continue to Fall

Ann Arbor mortgage rates continue to fall and have hit another low! Rates have been down for 6 weeks now and at this lower level for the past 2 weeks. We should continue to have rates in this range through the end of the year, making this a perfect time to make an Ann Arbor home purchase with lower mortgage payments!  Your buying power has increased by $10,000 – $40,000, depending on your purchase price, with these new rates.

Remember that interest rates are subject to change without notice. The rates listed above are average rates and are presented to provide an illustrative perspective. To find out more about the current interest rates and which loan program is best for you, contact Charlie Chapell with United Bank & Trust today at 734-214-2728 or If you haven’t already taken advantage of the low interest rates combined with low home prices, now is the best time! To search for that perfect Ann Arbor real estate, visit our Ann Arbor MLS site here!

Posted Saturday, October 08, 2011 by Martin Bouma
Tags: ann arbor real estate, Ann Arbor Homes, Ann Arbor Condos, ann arbor mortgage interest rates