mortgage rates low

Mortgage Rates Low Again

A couple of weeks ago, we posted an article discussing where mortgage rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that mortgage rates would begin to rise slowly and steadily throughout 2016.

However, shaky economic news and a volatile stock market have actually caused mortgage rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.

30yr mortgage rateRates 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.

Bottom Line

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.

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

by Hilton Head Real Estate Partners February 26, 2016 0 comments
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