30 Year Mortgage Rates Continue to Fall

By
Real Estate Agent with America's Network Realty Group, Inc

30 Mortgage Rates

30 YEAR MORTGAGE RATES 

 

Mortgage rates for 30 year loans dipped below 4 percent in the latter part of October, continuing a five week trend of mortgage rates sliding downward. The mortgage rates for 15 year loans also reached a new low.  The popularity of the 15 year loans is mostly with those considering refinancing.  Many lenders across the country have received a flurry of calls and inquire from homeowners wishing to take advantage of the new low rates.  

 

The outlook for this year and into 2015 was mortgage rates will continue to rise and could very well go as high as 6 percent.   The predictions regarding the Federal Reserve raising its key short term rate which would in affect raise the mortgage rates did not pan out.  The stock market plunged, predictions of global economic weakness, Ebola crises, and unrest in the Middle East, investors looked for a safe haven for their money in U.S. Treasury bonds.   Thus, the strong demand for the bonds sends the yield down.

 

So…….. if you are considering purchasing a home or even refinancing, NOW would be a good time!!!!

 

Posted by

Susan Jackson, Associate Broker

Americas Network Realty Group, Inc

1532 Dunwoody Village Parkway

Atlanta, Georgia 30338

Office: 770-551-5850     Direct: 770-551-5852   Fax: 770-551-5866

Email: sjacksonhomes@gmail.com

Website: www.kstrealty.com

Americas Network Realty Group, Inc

Comments (5)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Some awesome news for home buyer's one more reason to buy now not later. Thanks for sharing have a great afternoon.

Nov 03, 2014 06:15 AM
Susan Jackson
America's Network Realty Group, Inc - Sandy Springs, GA

Thankis for stopping by Pat.

Nov 03, 2014 07:08 AM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

I remember in the 1980's, the conventional wisdom was that interest rates would never go under 10% again.    Well, here we are at less than 4%!  Buy now, or regret it later.

Nov 03, 2014 07:12 AM
Susan Jackson
America's Network Realty Group, Inc - Sandy Springs, GA

I know Fred.  You are so right.  However, alot  of consumers are still trying to rebuilt themselves from the debacle during the bust.

Nov 03, 2014 07:15 AM
Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Susan, this is unexpected and terrific news.  We'll have to see if the election results play any sort of a spoiler in the downward trend for rates.  

Nov 03, 2014 01:57 PM