Interest Rates Hit New 12 Month Low

Interest Rates Hit New 12 Month Low

Interest Rates Hit New 12 Month Low!

According to Freddie Mac’s Primary Mortgage Market Surveyinterest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low.

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Freddie Mac’s Chief Economist, Sam Khater, had this to say: 

"Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year."

Bottom Line

If you plan on buying a home this spring, let's talk about your real estate goals and let me find that home you will fall in love with! Call today Ph# 984-833-9233


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Phone: 919-830-5233
Dated: February 28th 2019
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