Skip To Content

    Interest Rates Hit New 12 Month Low!

    According to Freddie Mac’s Primary Mortgage Market Survey, interest 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. This can be seen in the chart below.

    Interest Rates Hit New 12 Month Low! | Simplifying The Market

    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.

    Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”

    Bottom Line

    If you plan on buying a home this spring, let’s get together to prepare you to take advantage of today’s market before rates increase!

    Trackback from your site.

    Shalini Schetty

    Shalini Schetty is an elite Licensed Real Estate Sales Person and a Trusted Real Estate Advisor at Berkshire Hathaway Home Services Laffey International Realty in Huntington, NY. Shalini is one of the top-producing licensed Real Estate Sales Agents in the area. After obtaining an MBA and pursuing a successful career in finance at JP Morgan in Manhattan, Shalini decided to leverage her international experience (with extensive ties to Asia and India), business background, and love of real estate to start a career in real estate. As a real estate professional for over eighteen years, Shalini consistently delivers outstanding results for her clients.

    Leave a Reply