702 PREMIER PROPERTIES | LAS VEGAS REAL ESTATE
logo-icon

702 PREMIER PROPERTIES | LAS VEGAS REAL ESTATE
BUY / SELL RESIDENTIAL, NEW CONSTRUCTION

Are Low Interest Rates Here To Stay?

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

Are Low Interest Rates Here to Stay? | Keeping Current Matters

Bottom Line

If you plan on buying a home this year, meet with a local real estate professional who can help you start your home search to ensure you can lock in these historically low rates today!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Me

Reviews

5wayneakingnot

Greg worked with me in looking for a house, condo in the Las Vegas area. He is professional and really knew this area having been in the business a long time. I highly recommend Mr. King and would use ...

Review Greg King on Zillow.com