Mortgage Interest Rates are Still Near Record Low

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As spring market continues to heat up, this is the time for buyer's to take advantage of higher inventory and low interest rates. As reported by Inman News;

Freddie Mac's weekly Primary Mortgage Market Survey showed 30-year fixed-rate mortgages averaging 3.88 percent with an average 0.7 point for the week ending April 26, down from 3.9 percent last week and 4.78 percent a year ago. Rates on 30-year fixed-rate mortgages hit an all-time low in records dating to 1971 of 3.87 percent during the first three weeks of February.

For 15-year fixed-rate mortgages, rates averaged 3.12 percent with an average 0.6 point, down from 3.13 percent last week and 3.97 percent a year ago. Rates on 15-year fixed-rate mortgages hit an all-time low in records dating to 1991 of 3.11 percent during the week ending April 12.

So what are you waiting for? Let me show you your dream home.