Phone 928.300.1699
Email

Russ Lyon | Sotheby's

Quick Search











Search Properties

Interest Rates Remain Favorable

Posted By Wally Reule @ May 17th 2019 1:13pm In: Miscellaneous

If you've been putting off a real estate transaction because you feel like interest rates are too high, and going higher, you might want to reconsider. Yes, rates are off their historic lows from a couple of years ago, but they're still pretty darned good. In fact, the average rate now for a thirty year fixed mortgage has gone down each week for the past three weeks, and now stands at 4.07% compared to 4.61% a year ago. Rates are staying low now because of concerns over a trade war with China, and smart money is moving to safer investments. But when the China issue is resolved, it's likely that mortgage rates will resume their upward march.


Share on Social Media:

Comments (0)

Be the first to comment on this post!

Post a Comment

Email not published - will display gravatar if available