Is it time to go to a 15-year fixed mortgage?

Mortgage rates remain at sub-3% record lows according to Freddie Mac’s Primary Mortgage Market Survey heading into the new year, with the 15-year fixed mortgage just above 2%. Freddie Mac expects these rates to “remain flat, potentially rising modestly off their record low, but a strong purchase demand and tight inventory will continue to put pressure on housing markets and house price growth” (12/31/2020 Freddie Mac).

Get a 15-year rate payment quote

2021 may be your time to cut your mortgage term in half. Homeowners could save hundreds of thousands in interest. Contact your Intercap loan officer to find out how low your 15-year payment could be.

Buying a home versus renting
Intercap Lending San Diego Team

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