Now Could Be the Best Time to Buy a Home in 2017

The end of the year can be a smart time to buy a home, as prices tend to cool off after the summer selling season and bottom out in the winter. In 2017, there's another reason why the end of the year could be a smart time to shop for your next home: Mortgage rates are as low as they've been all year.

According to the September 2017 EllieMae Origination Insight Report, mortgage rates for closed loans are at their lowest level since December 2016. The overall average 30-year mortgage rate dropped to 4.21%, 20 basis points lower than at the April peak.

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Source: Fool.com