Mortgage Rates Hit 3-Year Low
Good news! Mortgage rates are staying very stable and have hit 3-year lows! Realtor.com recently published a report that takes a look at the current lending situation. Now is the time to lock in a great rate!
From Realtor.com's report:
Rates for home loans tumbled, sending the benchmark to its lowest since late 2016.
The 30-year fixed-rate mortgage averaged 3.73% in the June 27 week, down 11 basis points, Freddie Mac said Thursday.
The 15-year fixed-rate mortgage averaged 3.16%, down from 3.25%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.39%, down nine basis points.
If you're looking to lock in a great rate, contact us below or fill out our pre-qualification form below and we can let you know what you qualify for!