Mortgages are cheaper today than they've been in a half-century. If only most people had the job security, the credit score and the cash to qualify.
The average rate for a 30-year fixed loan sank to 4.69 percent this week, beating the low set in December and down from 4.75 percent last week, Freddie Mac said.
Rates for 15-year and five-year mortgages also hit lows. Rates on 15-year fixed-rate mortgages fell to an average of 4.13 percent. That was the lowest since at least 1991 and down from 4.2 percent a week earlier.
Rates on five-year adjustable-rate mortgages averaged 3.84 percent, down from 3.89 percent a week earlier.
I'm Phil Hoffman of Hoffman Custom Built Homes, and I want to thank you for visiting our website. I am a second generation homebuilder, and I have been working in the construction industry for over 30 years. I began as a licensed electrical contractor with experience in both residential and commercial construction. Earlier on, as a young man, I would hold open houses for my father while he was away, and actually close the sale! During those earlier years, I remember finishing a house that was near completion while my father was out of town. I would get excited when presented with new and challenging objectives in the field and I can still say today that I enjoy meeting with the customers as they pursue their options and expectations for their new home!
When I begin a job, I get excited as if the home I am building is my own. The only thing more gratifying than the completed masterpiece, is the homeowners excitement when all finished.
As a homebuilder, my special area of focus is on customizing each home to the customer's needs. I want the customer to have in their new home the special features and design needed for the family. I will work with them to identify what is most important in their home and for their dream to become a reality. I have built homes from the lower range of $100,000 to the Mid range of $200,000, and even beyond the high end of $300,000. Whether downsizing or building a
mhomes.com/testimonials1.swf" estate, the same experienced and licensed subcontractors are employed. Naturally, there are more amenities and details in the estate homes, but all homes are given the same amount of attention. We welcome you to our home on the web, and invite you to become a part of the Hoffman family of satisfied customers!