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Jan Bigelow: 928.300.1699
Wally Reule: 928.301.5943
Interest rates last week experienced their biggest drop in ten years. That's good news for home buyers or for people who may want to refinance their mortgages. The average rate for a 30 year fixed mortgage has declined in the past year from 4.40% to 4.06%. Concerns over a possible recession on the horizon are keeping interest rates low. However, home prices continue their slow climb as low inventory is still the norm, but low interest rates can help keep home ownership possible for many buyers. Here is a link to an article from CNBC with more information.
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