"Mortgage rates in the US have hit another record low" and the time to buy a home or refinance have never been better as reported by Christine Maurus of Bloomberg News on December 13, 2020.
The average for 30 year fixed rate loans dropped from 2.87% the previous week to 2.81% which is the lowest in the 50 years that these records have been tracked. The previous low prior to the new 2.81% average was 2.86% in October.
These low mortgage rates have been the energy needed in a continuing housing rally nationwide and also here in our Phoenix metro market. Although the number of homes on the market is limited, the fuel provided by the low mortgage rates have been pushing up home prices. If you have been on the fence, now is the time to buy/
Record Low Mortgage rates are GOOD!
Mortgage Rates Now at new record low average of 2.81%
Rates aren’t expected to jump signifcantly any time soon by many industry analysts, however the future is unknown and the time to buy may be NOW.
Meet Jeff Masich REALTOR® and see how much home you can afford
Meet Jeff Masich, REALTOR® and ask about homes anywhere in Phoenix metro
Here is a FREE MLS Search for homes for sale in Arizona. I, Jeff Masich would be pleased to help you find Arizona Homes For Sale and the right home at the right price!
Press FREE MLS Search to search for homes for sale in Arizona
For more Arizona Homes and Land for sale just ask me. I live in Scottsdale and would be pleased to represent you as your Buyer's REALTOR®.
Comments(4)