Mortgage Rates: How Low Will They Go?
Who is your trusted news source? Uncle Joe? Facebook?? Cable News??? If you listened to any of these 'trusted sources' over the last year you were probably told that because the Federal Reserve was raising interest rates, mortgage rates were going to skyrocket. "The Sky Is Falling! The Housing Market Will Crash!! The Good Deals Are All GONE!!! Well, if you listened to any of this fear mongering garbage you were sent down the wrong information highway. The Federal Reserve raising rates 'can' effect mortgage rates but it's not guaranteed or certain. But the reason why this is the case is for another blog, another day. The bottom line today is mortgage rates are falling! Interest rates for a 30-year fixed rate mortgage have been on the decline since November, hitting 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 fantastic news for anyone who is plann