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Mortgage Interest Rates Just Went Up… Should I Wait To Buy?
Posted on November 29, 2016 - 07:03 AM by Lance Owens
Mortgage Interest Rates Just Went Up… Should I Wait To Buy?  Tuesday November 29th, 2016  First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Aloha, Lance and Kimi here from LUVA Real Estate bringing you your real estate minute. 
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks.Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.

BOTTOM LINE Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago 
Aloha and Mahalo,
Lance Owens (RS) and Kimi Nagatoshi (RS) with LUVA Real Estate in Kailua ... more

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