Mortgage rates continue to fall for the fourth week in a row due to the Fed’s holding its interest rate steady on Wednesday’s FOMC meeting.  

What does this mean? Well you can expect a flurry of housing activity, particularly in the refinancing sector, as homeowners around the nation capitalize on the historically low rate.

This the first time this year rates have passed four percent.

Mortgage rates have been skimming rock bottom for a while now but they have finally started to rise again. Some homebuyers feel they've missed the window of opportunity. However, this is not the case. Here are a few reasons this year is a perfect time to finally become a homeowner.

 

This week has seen a decrease in mortgage rates with the 30-year, fixed rate averaging 3.0%, down .02% from last week, according to the Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac. The 15-year, fixed rate is down from 3.32% to 3.30% as [...]

 

Since the start of the year, the average 30-year, fixed mortgage rate has been rising, with an increase just this week up to 4.45 percent from 4.44 the week before, according to Freddie Mac’s Primary Mortgage Market Survey® [...]

Mortgage rates in America are slowly but surely building momentum. 

The average 30-year, fixed rate mortgage is now up for the second straight week...

Click on Title for Full Article

The rate at which Americans missed a mortgage payment or have entered into foreclosure are at a 20 year low.

Mortgage Rates Drop This Fall. The 30, 15 and 5/1 year fixed-rate were 3.73%, 3.21%, and 3.41%, respectively.

The average 30-year fixed-rate mortgage has hit the lowest point in 50 years!

 

 

 

 

Do you think this is an ideal time for all borrowers to lock down a mortgage rate? is it going to be worth it? According to experts, it is! 

Encouraging news to all home sellers! Buyers are rapidly returning to the housing market, despite uncertainty due to coronavirus.