Times Square after Ian. Every business on the gulf was wiped out.“Mobile homes, boats, washing machines, parts of roofs and walls and dining room sets were scattered through miles of mangrove
Low Interest Rates: Here to Stay?
Dated: April 22 2019
Views: 255
Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,
“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”
To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.
Bottom Line
If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today!
Bob Bunting
Bob has been a Realtor with Tri Power for over 20 years. Recently, their daughter Angie joined the team as a realtor assistant. Bob has witnessed first-hand the tremendous change and growth that has t....
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