Mortgage Rates Are LOW… But Could They Go Even Lower?

Mortgage Rates Are LOW… But Could They Go Even Lower?

Short Sale Solutions

Freddie Mac announced on Wednesday that the 30-year fixed mortgage rate has fallen all the way down to 3.625 percent plus .5 points.

Even though this is the lowest it has been since April 2013, rates are actually lower than that: “a good loan can be had at 3.625 percent without the fractional point and probably a credit versus closing costs. Some cut-rate vendor might touch 3.50 percent (as of Thursday, February 11).”

The real questions that come to light are: Will they go lower? And should we wait?

Odds are that they will get even lower, but not suddenly. I wouldn’t hold my breath over it.

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Ok, but how low could they go?!

Well because we have negative interest rates spreading all over the world, things are good in the U.S., but ugly outside, which makes dollar things very attractive.

By the time it’s all said and done, the mortgage first-digit could be all the way down to the twos…

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Inman.com

Mortgage Rates Are LOW… But Could They Go Even Lower?

Short Sale Solutions

 

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