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.

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