You are here: Home / Communities / Batavia / Mortgage Rates Drop to 3.47% in Batavia IL

Mortgage Rates Drop to 3.47% in Batavia IL

September 3, 2012 By Leave a Comment

You may have seen that mortgage rates were gradually creeping up, but this week mortgage rates in Batavia, IL dropped to near historic lows. If you’re thinking of purchasing a home you can now get a mortgage for as low as 3.47% . Since Batavia home prices begin to drop in the fall and many sellers will contribute to closing costs, there may never have been  a better time for you to buy a home.

One year ago, the 30-year fixed rate mortgage rate averaged 4.22%. Today, the national average is 3.59%. The difference gives a $36 monthly savings per $100,000 borrowed.  On a $250,000 mortgage, that’s $1,080 in savings per year.

If watched mortgage rates rise through August and wondered if you missed the bottom, consider this week your second chance. It’s the biggest one-week drop in rates in more than 3 months.

If you’re thinking of buying a home you need to get pre-approved so you know how much home you can comfortably afford.  This gives you significant buying power with a seller who recognizes you will be approved for a loan. To get pre-approved or to discuss your financial situation, please call a loan officer with a solid track record of client service. Two of my favorites are:

Dan Cowart Baird&Warner Financial Service (630)677-5353 See Website 

Brian Dempsey Bank of America (630)338-4104 See Website

Leslie Ebersole, Real Estate Broker
962 S Randall Rd St. Charles, IL, 60174 USA 
 • 630-945-7935

Related posts:

  1. Mortgage Rates in Geneva Drop For The First Time In 4 Weeks
  2. St. Charles Mortgage Rates Drop September 2 2012
  3. Mortgage Rates Down 1 Percent In One Year
Filed Under: Batavia, Mortgage
About Leslie Ebersole

I am a Realtor with Baird&Warner Real Estate in St. Charles, IL. I am deeply committed to helping sellers and buyers navigate and succeed in this challenging real estate market. I list and sell homes in the western suburbs of Chicago, including St. Charles, Geneva, Batavia, Elburn, South Elgin and Wayne.

Speak Your Mind

*

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2013 MRED. All rights reserved.

MRED Logo

This IDX solution is (c) Diverse Solutions 2013.

This site is written and managed by Leslie Ebersole and the opinions expressed here are solely those of the author. The data presented is believed to be accurate but is not guaranteed. Please consult an attorney, tax professional or CPA before making any financial decision involving the sale or purchase of a home. All content on this blog is protected by US Copyright. Content includes text and images, videos. “Fair Use” allows for small portions of text to be used and quoted as long as there is a prominent link back directly to the post URL. Re-publishing content without express written permission of the author is prohibited.“Scraping” content from this site by copying and pasting or with an RSS feed without permission is prohibited.