Put Mortgage Rates into Perspective

If you think interest rates are going through the roof, think again. Fixed-rate mortgages have risen only slightly over the past couple of years. In fact, on average, they are lower than they were five years ago.*

Just 20 years ago, mortgage rates were in the double digits. Today, rates remain affordable (see chart). And with Endura Financial Mortgage Services, we offer adjustable- and fixed-rate mortgages in a variety of terms to help you find the loan that suits your needs and budget. So if you're thinking about homeownership, give us a call.

Why Buy a Home?
Homeownership offers many potential benefits over renting, including:

The opportunity to build equity. When you own your home, you build equity as you pay down the mortgage. If your home appreciates in value, whether from improvements you've made or through the marketplace, you may build equity even faster. Paying rent just helps build equity for your landlord.

Tax incentives. The interest you pay on your home mortgage loan is generally tax-deductible, lowering the real cost of your monthly payments. State and local property taxes may also be deductible. (Consult your tax advisor for deductibility in your situation.)

Freedom to express yourself. With your own home, you can decorate the interior as you wish. Rentals generally have restrictions on everything from what you can hang on walls to paint colors. You are also freer to decorate and landscape the exterior of your home.**

Find Security in a Fixed Rate
If you have an adjustable-rate mortgage and are concerned about the possibility of future rate increases, please call us at 1-800-533-4004 ext. 7676. One of our Endura Financial Mortgage Services Representatives can help you explore the possibility of refinancing to a fixed-rate mortgage.

One of our Endura Financial Mortgage Services Representatives can help you explore the possibility of refinancing to a fixed-rate mortgage.

30-Year Fixed and 1-Year Adjustable Mortgage Rates, 1985-2006* *  Source: Freddie Mac, "Primary Mortgage Market Survey," Conventional, Conforming 30-Year Fixed-Rate Mortgages and Conventional, Conforming, Treasury-Indexed 1-Year Adjustable Rate Mortgages, www.freddiemac.com. Rates are based on annual, national average and will vary. **  As of July 2006.