Mortgage Rates at Historic Lows . . . Again!
Just aa couple of weeks ago, we were talking about mortgage interest rates and where they may be heading over the next twelve months. We even quoted projections from the big guys at Fannie Mae,Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. And each of them had predicted that rates would begin to rise slowly and steadily throughout 2016.
But . . . a crazy Presidential election, volatile stock market, very shaky economic news have all actually caused rates to drop in six out of the last seven weeks, and have remained at 3.65% for the past two weeks. There is only one word for that: AWESOME!!
Even though many "experts" are still expecting them to increase in 2016, they have fallen to historic lows yet again! According to Freddie Mac, the one thing we know for sure is that current rates are the lowest they have been since April 2015.
So here is the bottom line . . . If you are even remotely thinking of buying your first home or moving up to your ultimate dream home, THIS is a great time to get a fantastic rate on your mortgage!
Any questions?? Call/text me at 619-800-1145 or email [email protected]