Looking for a home with easy access to Hwy 316 and Interstate 85? You might consider the Barrow County area. Rocklyn Homes is now selling in two new townhome communities in the Winder and Auburn area of Barrow County. Auburn is ideally located between Dacula and Winder and both communities have excellent access to Hwy 316 and I-85 for commuting to Athens or Atlanta.
According to this article in KeepingCurrentMatters.com homes are especially affordable right now due to the record-low mortgage rates.
Why are homes still affordable today?
The number one factor impacting today’s home buying affordability is record-low mortgage rates. There’s no doubt that prices are on the rise. However, mortgage rates have fallen dramatically. Last week, Freddie Mac announced that the average interest rate for a 30-year fixed-rate mortgage was 2.72%. Last year at this time, the average rate was 3.68%.
If you’re considering purchasing your first home or moving up to the one you’ve always hoped for, it’s important to understand how affordability plays into the overall cost of your home. With that in mind, buying while mortgage rates are as low as they are now may save you quite a bit of money over the life of your home loan.