Mortgage Rates Again At Historic Lows

Mortgage Rates Again At Historic Lows

 Mortgage Rates Again at Historic Lows | Simplifying The Market

Mortgage Rates Again at Historic Lows

   First Time Home Buyers, For Buyers, Move-Up Buyers

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Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016.

However, shaky economic news and a volatile stock market have actually caused rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.

Mortgage Rates Again at Historic Lows | Simplifying The Market

Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. The only thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.


Andrea Ortega Headshot
Author:
Phone: 480-861-4663
Dated: March 1st 2016
Views: 281
About Andrea: Andrea Ortega has been a licensed Realtor in Arizona since 1996, and has been with American Allstar ...

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