What’s the Latest on Interest Rates?

Dated: 08/27/2019

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What’s the Latest on Interest Rates? | MyKCM

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.What’s the Latest on Interest Rates? | MyKCMAccording to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

Buying or selling, I'm here to serve you. Call or text me at (928) 277-8685, or connect at any of the social media sites below and put me to work for you!

               

Ben Zallaha

Ben Zallaha

Realtor GRI, ABR

Realty ONE Group Mountain Desert

www.bensellsprescott.com

(928) 277-8685

Buying or selling, my primary focus is to make the transaction as smooth and hassle free as possible.

How can I serve you?

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Ben Zallaha

An Arizona native, I have always had a heart to serve. Starting with my first business at the age of 19, I have learned that sincerely helping folks and having their best interests at heart results in....

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