Tampa, FL—As the housing market starts to show signs of rejuvenation, M/I Homes’ M/I Financial Corp has announced a 30-year, Fixed-Rate and APR Conventional Mortgage at 2.875%.
“We’re in the middle of our ‘Smart Move Event,’ where customers can already find some amazing values. With this once-in-a-lifetime interest rate, buying now is even smarter,” said M/I’s Tampa Area President, Marshall Gray.
Mr. Gray commented that he had never heard of an interest rate that began with a “2.”
“It’s never happened before in my lifetime, and may well never happen again.”
To get the 2.875% rate and APR, customers need a 20% down payment and to close by November 30th. M/I also offers a 2.875% on FHA mortgages with just a 3½% down payment and with a 3.678% APR.
Mr. Gray further pointed out that such an historically low rate means incredible buying power for M/I customers. And when you can lock in a rate as low as 2.875%, and lock in a monthly principle and interest payment that will never go up for 30 years, it adds a level of peace of mind that hasn’t been reached in generations. And with increased affordability, monthly payments are often lower than rent. Current homeowners will also be surprised at how affordable their dream home is today.
All told, it seems like buying now is exactly what they say. A Smart Move.
M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having delivered more than 81,500 homes. The Company’s homes are marketed and sold under the trade names M/I Homes, Showcase Homes, TriStone Homes and Triumph Homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.