Mortgage Rates Remain Historically Low

Mortgage Rates Remain Historically Low

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). Freddie Mac expressed their optimism for the rates to remain low throughout the spring in a recent blog post: 


“We expect mortgage interest rates to stay well under 4% as we head into the heart of the spring homebuying season. We're predicting it to be the best one in 10 years, which should provide even greater opportunities for first-time homebuyers.” 


Below is a chart of the weekly average rates in 2016, according to Freddie Mac.simplifyingthemarket.comRead More Here...


Graphic Courtesy Freddie Mac


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Phone: 407-494-6030
Dated: May 10th 2016
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About Lance: My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults...

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