Great news! Reports recently released show that mortgage rates have fallen for one month straight.
The benchmark 30-year mortgage rate is its lowest since May of 2013. In addition, the 15-year mortgage average fell. The 15-year mortgage is popular among families who are refinancing.
Freddie Mac noted the 30-year mortgage declined to 3.63%. The current rate for a 15-year mortgage loan fell to 2.93%. Just last year, the average 30-year mortgage was 4.39% and the 15-year mortgage was 3.44%.
So, if you’re in the market to buy a new home, now is the time to take advantage of these low rates. Contact me to discuss your home buying needs.