Wondering what's the Latest on Interest Rates?

Dated: 08/27/2019

Views: 11

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.

What’s the Latest on Interest Rates? | MyKCM

According to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

Blog author image

Dawn Maisano

Arizona has been my home since July of 2014. With over 20 years of experience in business, customer relations and project management, I bring a friendly smile, commitment, organizational and communic....

Latest Blog Posts

4th Annual Toys for Tots Donation Drive

Please join us as we celebrate another year of giving to the Marine Corps Toys for Tots Donation Drive.We are an Official Donation Location!;

Read More

What You Need to Know About the Mortgage Process

Who you work with matters! Call us today and we'll help you get!

Read More

What You Need to Know About the Mortgage Process!

Who you work with matters! Call us today and we'll help you get!

Read More

Is Your Home “Priced to Sell Immediately”?

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most

Read More