What’s the Latest on Interest Rates?

 

What’s the Latest on Interest Rates? | Simplifying The Market

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.
What’s the Latest on Interest Rates? | Simplifying The Market
According to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

 

Author: Kunal Patel Group

The Kunal Patel Group is a forward-thinking, technology-driven real estate team serving clients across Southwest Ohio. Since the team’s creation in 2014, they have redefined the real estate experience by embracing technology to sell homes smarter and faster in a traditional marketplace. Virtual reality, drone photography, and “Big Data” driven marketing set the new standard. Fostering a culture of collaboration where a variety of strengths are shared across all clients and listings, together they offer better representation and a true competitive edge.

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