The beginning of 2015 has proven to be a great time for individuals seeking to secure home loans from mortgage companies around the nation, as loan rates have dropped to near-historic lows.

Loan rates recently dropped to 3.65 percent on a 30-year fixed-rate mortgage, while 15-year mortgage rates fell to 2.92 percent—the lowest in several months. It should come as no surprise that many individuals have chosen to refinance their loans during this time.

According to ABC News, “a year ago, the 30-year mortgage rate averaged 4.33 percent; the 15-year mortgage averaged 3.39 percent.” Clearly, the fact that loan rates for 30-year loans are approaching the previous rates for 15-year loans indicates that now may be an excellent time for first-time homebuyers and those who are considering refinancing with their mortgage companies.

Of course, it is unlikely that rates will remain this low for long. Market influences mean that loan rates are constantly in flux, and historically, rates tend to increase over the course of the year. If you are considering purchasing a new home or refinancing a current loan, speak with one of our loan officers today. We can help you to lock in the lowest rate available to help make the dream of home ownership a reality.

(Image via Huffington Post)