After years of holding firm at historically low levels, mortgage interest rates have started 2018 off with a bang. The 30-year fixed rate has increased 48 basis points since the start of the year, and has increased in eight consecutive weeks. What does this mean for buyers on the fence about home ownership? ACT NOW!
US Weekly average as of 01 March 2018:
30-year: 4.43% (.5 points)
15-year: 3.9% (.5 points)
5/1 ARM: 3.62% (.4 points)
Optimism from Federal Reserve Chairman Jerome Powell is sending Treasury yields higher. The economy has been surging, and, even after recent “corrections” to the major indices (DOW, S&P, and NASDAQ), the fixed rate is beginning to reflect a booming economy of record breaking stock prices and exceptionally low unemployment.
Ready to be a home owner, but not sure where to get started? Give me a call/text at 817.475.5064 or shoot an email over to [email protected] and I will introduce you to my trusted local lenders.
Author:Ryan Wilson Phone: 817-475-5064 Dated: March 5th 2018 Views: 932 About Ryan: Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business de...
View our latest blog posts in your RSS reader. Click here to access.
Debra Collins has over a decade of real estate service! After 14 years in an account executive management position and raising two children with her police officer husband, Debra transitioned into Real Estate in 2002. The attributes of her success are superior market knowledge, hard work, and her commitment to provide great service and representation to all of her clients by offering sound advice to help her clients make the most informed real estate decisions. Holding the Accredited Luxury Home Specialist (ALHS) and Accredited Buyer Representation (ABR) Designations, Debra has a keen eye for helping discerning clients market or purchase a home.