You have probably heard about low mortgage interest rates for a while, and you’ve probably even heard about the “historically low rates” before.
Now, a weekly industry survey by Freddie Mac, the government-sponsored mortgage enterprise, is reporting an average 2.98% on a 30-year fixed-rate mortgage. That’s the lowest average rate in the 49-year history of their data collection and the first time their reported average rate has dropped below 3.00%. Of course, actual rates depend on many factors, from credit and income to property type and occupancy.
If you want to learn more about the rate that may be available to you for a purchase or refinance, please reach out at 860.246.2447. We would be glad to help you take advantage of the rates of a lifetime.