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Mortgage Rates are Lowest since November 2016

Mortgage Rates are Lowest since November 2016

Mortage Rates

Mortage Rates

Mortgage rates are the lowest they’ve been since November 2016, making it incredibly favorable for both refinance and purchasing a home! If you OWN A HOME, it is TIME TO REFINANCE. If you are LOOKING FOR A HOME, now is the time to buy! Due to the escalating tensions over a trade war with China, mortgage rates have dropped to multi-year lows, and according to the latest data released yesterday from Freddie Mac, the 30-year fixed-rate average tumbled to 3.6%. It was 3.75% one WEEK ago and 4.59% one YEAR ago. It has fallen nearly ONE FULL percentage point since the first of the year. But don’t forget to shop around for the best rate!

Source: www.freddiemac.com/pmms/

Average of mortgage types