Mortgage Rates Havent Been This Low Since 2016

Dated: 07/02/2019

Views: 33

Don't take my word for it! Here is the post from REALTOR Magazine!! Now is a great time to lock in your interest rate on a new home! Pay less over the life of your loan by getting a loan while they are so low! I work with a number of different Loan Officers and would love to help you get pre-qualified for the home you have always wanted! Click the link below for the full article!

https://magazine.realtor/daily-news/2019/06/28/mortgage-rates-haven-t-been-this-low-since-2016?_cldee=YW15bC50aGVhdGVhbUBnbWFpbC5jb20%3d&recipientid=contact-987f3626c8c64ea9bedc0a22252be8cb-815b59d0264f4ed0ae0524c31e9f4bd7&utm_source=ClickDimensions&utm_medium=email&utm_campaign=VOICE&esid=2d203178-5d9c-e911-9c33-00155d007970


Amy Lombardi

REALTOR®

A TEAM

Coldwell Banker Residential Brokerage

928-486-9946 office

928-230-4526 cell

Amy.HavasuHero.com

94 S. Acoma Blvd., Suite 103

Lake Havasu City, AZ 86403



Mortgage Rates Haven’t Been This Low Since 2016

June 28, 2019

Mortgage rates for 30, 15, ARM. Full information at http://www.freddiemac.com/pmms/

© REALTOR® MAGAZINE

For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey.

“While the industrial- and trade-related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being felt in the housing market,” says Sam Khater, Freddie Mac’s chief economist. “Through late June, home purchase applications improved by five percentage points compared to the previous month. In the near term, we expect the housing market to continue to improve from both a sales and price perspective.”

Freddie Mac reports the following national averages with mortgage rates for the week ending June 27:

  • 30-year fixed-rate mortgages: averaged 3.73%, with an average 0.5 point, falling from last week’s 3.84% average. Last year at this time, 30-year rates averaged 4.55%

  • 15-year fixed-rate mortgages: averaged 3.16%, with an average 0.5 point, falling from last week’s 3.25% average. A year ago, 15-year rates averaged 4.04%.

  • 5-year hybrid adjustable-rate mortgages: averaged 3.39%, with an average 0.4 point, falling from last week’s 3.48% average. A year ago, 5-year ARMs averaged 3.87%.

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