Exciting news has just occurred for homeowners and homebuyers in Pennsylvania! The Federal Reserve recently reduced interest rates. Usually, when the Fed lowers interest rates, mortgage rates tend to follow. This means that whether you are looking to purchase a new home or refinance your existing mortgage, this can be an excellent opportunity to lock in a much lower rate and save some money. Read on to learn more!
Why Does a Federal Rate Cut Matter for Homebuyers and Owners?
When the Federal reserve lowers the interest rates, borrowing interest rates equate to lower house payments and greater purchasing power. If you purchased a home in the last two years, you might be able to refinance and get a much better rate, potentially lowering the monthly payments and saving you thousands over the life of your loan. Alternatively, you can consider the transition to purchasing a new J.A. Myers Home and taking advantage of the high demand for your current home given reduced mortgage rates.
What Should Homebuyers Do?
If you have been on the fence about purchasing a home, now may be the best time to act. Lower mortgage rates mean lower payments each month, making homeownership more affordable for everyone. However, it is crucial for you to understand and be prepared by speaking with mortgage professionals that can help you understand your options and make a choice that fits your current financial situation. We at J.A. Myers Homes can help guide you on which of our homes will be the best financial fit for you. We continuously search for the lenders and programs that open up new home buying opportunities in our communities. At the current moment, we have multiple choices for programs and fixed rates that are very attractive.
What type of Financing Incentives exist at J.A. Myers Homes?
Currently, J.A. Myers Homes can provide 30-year fixed financing over 1 plus percent below current published rates. How can this be? First, on quick delivery homes, we have secured locked in rates below 5% by utilizing our attractive cash incentives. This is a limited time opportunity. We can provide construction permanent financing in certain communities which allows you to lock your rate in for up to a year. Additionally, under certain circumstances, you can start your new home construction without having to sell your existing home up front. Do you have limited cash resources? J.A. Myers Homes can offer 100% financing and pay a substantial portion of your closing costs. Give J.A. Myers Homes a call today if you’d like to learn more!
For Any Home Building Needs, Contact J.A. Myers Today!
J.A. Myers Homes stands as a beacon of innovation, commitment, and inspiration in the homebuilding industry. With move-in ready homes and dedication to building your dream home in one of our communities or on your own land, we are prepared to help. We’re dedicated to serving customers in Hanover, Gettysburg, Stewartstown, Dover, York County, Adams County, and Carroll County! Visit our website, reach us at 1.800.368.9990, or check us out on Facebook, X (formerly Twitter), Instagram, Linkedin, Pinterest, YouTube, or Houzz!
