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Mortgage Rates Again at Historic Lows
February 29th, 2016 1:43 PM

Mortgage Rates Again at Historic Lows

Posted: 24 Feb 2016 04:00 AM PST

Mortgage Rates Again at Historic Lows | Keeping Current Matters Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections fromFannie MaeFreddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted thatrates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a volatile stock market have actually caused rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.Mortgage Rates Again at Historic Lows | Keeping Current Matters Rates 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.

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Posted by Cheryl Talbot ABR,GRI,e-PRO,MRP,SFR on February 29th, 2016 1:43 PMPost a Comment

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