Mortgage rates hit a 10-month low
Could this be a great time to think about
investing or buying your own home?
The average 30 year fixed rate mortgage fell
this week from 3.72% to 3.65% which has been the lowest in 10 months which is
lower than last year.
Here’s a more detailed breakdown for the
following mortgage rates:
- 30 year fixed rate averaged 3.65%
- 15 year fixed rate averaged 2.95%
- 5 year treasury indexed hybrid ARM (adjustable rate mortgage) averaged 2.83%
If you are planning to buy, this is a great
time to do so. Call or contact a real estate professional for your home buying
and selling needs to further assist you and give you a detailed guide.
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