Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections fromFannie Mae,Freddie Mac, theMortgage Bankers’ Associationand theNational Association of Realtors. Each predicted thatrates would begin to riseslowly and steadily throughout 2016. However, shaky economic news and a volatile stock market have actually caused rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. The only thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.
If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.
It's important when buying a home to have guidance from a knowledgeable lender. Many homebuyers are not aware that this should be the first step in their home buying process. Please reach out to our lender partner, as they have some of the best rates for mortgages, as well as the best knowledge. Getting pre-qualified or repairing your credit, if necessary, is always the first step. For fast Loan pre-approval click http://andrew.xceptionalrealty.com/resources/apply-now
Author:Edna Montijo - Owner Phone: 480-999-1156 Dated: February 28th 2016 Views: 271 About Edna: ...
Report by Ricky KhamisRealtor Report2016 Best Year for Housing in a De
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