Homebuyers look for fixed-rate

Real Estate Weekly, April 13, 2005

As short-term mortgage rates continue to rise, homebuyers are increasingly looking to long-term fixed-rate mortgages, according to Homebridge Mortgage Bankers.

At present, fixed-rate long-term mortgage rates are still near record lows, offering homebuyers the security of a low mortgage rate over an extended time period.

Homebridge offers prospective homebuyers access to a wide range of mortgage products, including long-term fixed rate loans and true mortgage commitments, not simply a non-binding pre-approval. "We pride ourselves on our ability to match potential borrowers with the appropriate mortgage," said Nicholas Bratsafolis, chairman of Homebridge Mortgage Bankers.