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Interest Rates Amid COVID-19

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Over the past month, we have seen so many changes in our country. Our thoughts and prayers go out to all who have been affected by COVID-19. We believe when we get through these difficult times, we will rise above and be better and stronger together, and we are standing in solidarity with our fellow business owners in the Lake Martin community. 

Hebrews 11:1 Now faith is confidence in what we hope for and assurance about what we do not see. 

Some have found refuge in their lake home here on Lake Martin. In fact, some of our friends, colleagues and clients have reported that it’s been an opportunity to get away, spend quality time with family, and honor their responsibility to social distancing. The serene environment reminds us how lucky we are to live here year-round. 

Of course, this is an interesting time for our economy as well. The Federal Reserve is 0.00-0.25 which brought a lot of excitement. Interestingly, we are looking at the lowest mortgage rates we have seen in many years. To explain more about what’s happening, we reached out to one of our affiliates in the area that works with River Bank and Trust, Melanie Foshee

She explained that the rates are very volatile, and that they are changing almost daily. Although some days might see an increase in rates, overall, these are still some of the best rates some of us have seen in our lifetime. 

What does that mean for you? It is still a great market to buy and sell lake homes. Whether you are looking for a full time residence, a second home or an investment property, we can help you make this dream come true! Call us for more information: 

Rhonda Jaye 256.749.8681

Allison J Ladson 256.750.0711

See these amazing rates below. Remember, as Melanie suggested, these rates are subject to change. The below information is provided by our affiliate, Melanie Foshee at River Bank and Trust. Click Here to Apply Online!

Conventional Mortgage: 

  • 30 Year Fixed                 3.50%
  • 20 Year Fixed                 3.375%
  • 15 Year Fixed                 3.25%

FHA Mortgage:

  • 30 Year Fixed                 3.125%

Jumbo Mortgage:

30 Year Fixed                 4.50%

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