Montana
Mortgage Rates;
The outlook for the Montana housing market remains bright. Montana is still attracting a large number of people into the state. The market isn’t appreciating as fast as the past couple of years but it is a stable market and offers real opportunities for both buyers and sellers. There is a bit of oversupply at the top end of the market which will bring pressure to bear on prices but the rest of the market looks balanced.
The Montana economy is strong and low unemployment combined with low interest rates will keep the housing market ticking over. Buyers shouldn’t feel that they have to get onto the property ladder as soon as possible, they need to shop around and make sure that they find a decent home at an affordable price.
Sellers should remain realistic with their pricing and offer incentives to ensure that their home remains an attractive option for buyers. So if you fancy living in the largest state with some spectacular scenery, this is a good time to buy.
Below are some examples of rates current offered.
For loans up to $417,000
30 Yr Fixed rates from : 6% to 6.75%
15 Yr Fixed rates from : 5.6% to 6.5%
1 Yr ARM rates from 5% to 6.75%
3/1 ARM rates from : 5.25% to 6.375%
5/1 ARM rates from 5.625% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo rates from: 6.125% to 6.875%
15 Yr Fixed Jumbo rates from: 5.875% to 6.75%
1 Yr ARM Jumbo rates from : 5.375% to 6.5%
3/1 ARM Jumbo rates from : 5.625% to 6.625%
5/1 ARM Jumbo rates from : 5.75% to 6.625%
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Looking for a mortgage in one of Montana's major cities? Click any of the cities below for more mortgage information.
Major Montana
Cities;
Billings
Havre
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