Mortgage Rates At Record Lows

Dated: 08/01/2016

Views: 68

Home mortgage rates are still at record lows.  And it's a great time to invest in real estate.  Bloomberg news reports, "The national average 30-year fixed home mortgage rate in the U.S. fell to 3.36 percent Friday, matching the record low first reached in December 2012, according to Bankrate.com. Would-be home-buyers and homeowners looking to refinance existing mortgages at lower rates have benefited from a drop in U.S. Treasury yields since U.K. voters decided in June to leave the European Union. A comparable Freddie Mac mortgage gauge watched by the industry is near a record low, at 3.48 percent."  


If you are considering buying, selling, or investing in real estate, contact me today.  These rates won't last forever!


Source: http://www.bloomberg.com/news/articles/2016-08-01/u-s-mortgage-rates-fall-to-lowest-on-record-chart




Blog author image

Greg Flanagan

Greg is a seasoned agent having helped over 250 families sell their current homes and purchase the home of their futures. ....

Want to Advertise on this Site?

Latest Blog Posts

Rising Prices Help You Build Your Family Wealth

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home

Read More

How Much Do You Need To Make To Buy A Home In South Carolina

It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to

Read More

Getting PreApproved Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where

Read More

A Tale Of Two Markets

Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what thatâ€,

Read More