Mortgage Rates Still Below 4%

After a volatile July, loan interest rates have stayed below 4% for the 5th consecutive week. This week, the 30-year fixed-rate mortgage averaged 3.93%, just a tick below last week’s 3.94% average. Movement has been relatively small over this time period, but buyers will want to stay in the loop should rates trend upwards again.

Housing markets across the US have responded well to the low rates as home buyers have tried to lock down favorable rates while many homeowners have tried to refinance. All year, lenders have tried to keep rates low to keep attracting prospective buyers but they have been steadily creeping from the low 3’s to high 3’s(see January, March and April numbers here).

Fifteen-year mortgage rates averaged 3.15% this week—down from 3.17% last week.

 

Source: http://realtormag.realtor.org/daily-news/2015/08/21/30-year-mortgage-rates-remain-below-4

 

Hart Real Estate Solutions

www.hart.realtor

406.585.0000

Hart Real Estate Solutions Bozeman Montana


  

 

Comment balloon 2 commentsHart Real Estate Solutions • August 28 2015 11:04AM

Comments

It is good to see there are still some awesome rates available for home buyer's in today's market. Thanks for sharing the latest rate information I hope you have a great weekend.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) over 3 years ago

We will have to keep up with rate changes as the Fed looks to raise their own rates. Thanks for your comment!

 

Posted by Hart Real Estate Solutions, Broker/Owner (Hart Real Estate Solutions) over 3 years ago

Participate