Skip To Content

    Mortgage Rates Again at Historic Lows… But for how long?

    House graphic

     

    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.

    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.

    Article From Keeping Current Matters

    Trackback from your site.

    Leave a Reply

    Reviews on Zillow
    3802651
    "Brian was an awesome agent, he really took the time with us when we were looking. We were in a very competitive market and Brian helped us win an ... more "
    5.0/5.0
    by leex3845
    3890993
    "Athena is very detailed and looks out for your best interest. She made sure that I was protected and getting the best service. I would highly suggest ... more "
    5.0/5.0
    by Shannon Cordova
    4156622
    "Andrew provided invaluable help by being open, accessible and responsive. He took representing our interests seriously and was extremely thoughtful ... more "
    5.0/5.0
    by Abby Rondot
    apply_today