What's the simplest, easiest way to cut down on the final costs of a home? Getting a deal on a mortgage rate, of course. Rates change from week to week and through different markets, but finding the right time to finally buy that home in Longboat Key you've always wanted has a lot to do with being able to find a good rate.

Average mortgage rates have been on the lower end of the spectrum for some time now, and the good news is they're continuing to stay low. As reported by MSNBC real estate, average mortgage rates for a 30-year loan were around 3.87%, which is incredibly low compared to usual rates that you would see. Difficulties in the real estate market across the nation have been the main reason why rates have stayed so low, and as long as markets struggle you can probably depend on these rates staying below the 5% mark.

For home buyers with especially good credit and plenty of space to make payments, you can find even lower rates for 15-year loans, where the average is hovering around 3.1%. 

Now is the time to buy if you want to cut costs on your luxury real estate home n the long term by getting a smaller mortgage rate, and Roger C. Pettingell can help. Give his offices a call today at 888-309-5714 to find out about the best, most luxurious homes in Longboat Key. 

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