Historical Rates On 30 Year Fixed Rate Mortgages

Dated: 02/11/2016

Views: 344

Right now we are seeing record low interest rates. This means buying a home is that much more attainable. We will not be seeing this low of rate much longer though. If the Federal Reserve begins pulling back its support for the American economy, we will see an increase in the central bank’s benchmark rate which will likely to result in rate raises for all sorts of loans, including mortgages. Rates have already begun to rise with anticipation of the government's actions. Higher rates will mean the perfect house will be that much more to get in an already competitive market. There is no other perfect time but now to start looking for your dream home.

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