Though interest rates were projected to rise slowly and steadily throughout 2016, recent economic news and a volatile stock market have caused rates to drop six out of the last seven weeks, keeping rates at 3.65% for the past two weeks.
Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. The only thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.
If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage. Contact our preferred mortgage lender today and get started on finding your perfect home.