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