Home Loan Rates Below 6% Available in Flagstaff

As bond prices drifted upward this week amid concerns about inflation, mortgage rates drifted downward as they usually do in reaction to bond price increases. 30-year fixed rates ended the week below 6%. With the Federal Reserve signaling that it is not likely to cut its rate further at the next meeting, and other economic indicators signaling an economic slowdown, concern about inflation is likely to abate and, with that, rates are likely to stabilize. Now should be a good time to latch onto a mortgage rate and buy a home. 

Fixed rate home loans offer predictable payments over the long term of home ownership and protection from rising interest rates. There are a wide-range of fixed rate home loans available to both first time and experienced buyers. These options are great for this type of market where the starting rates are low and will stay that way for the full time of your home ownership, no matter what happens to the economy in the future.