Mortgage Rates Drop Below 4%! 16 Month Low June 2019

Real Estate Agent with HomeSmart Real Estate BR632450000

Everyone needs Good News now and then, don't you think? Well, for Home Buyers, as we move into June 2019, mortgage rates, already closer to historic lows than historic highs, have dropped again to a 16 month low! Mortgage rates nosed below 4%! Also, the Federal Reserve has been sending out hints that there will be no more interest rate hikes in 2019.


If a Buyer has been thinking of make a move to buy a home this is welcome news. Locking in a lower rate for 30 years increases buying power.


30 Year Fixed-Rate Mortgaes down to 3.99%


Andrea Riquer of Realtor.comm, Marketwatch reported on May 30, 2019 that, "The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday. That marked a 16-month low for the popular product, which has eked out a weekly rise only six times so far in 2019. The 15-year fixed-rate mortgage averaged 3.46%, down from 3.51%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.60%, down 8 basis points."


Mortgage rate drop                                    Mortgage Rates Drop to 16 Month Low increasing buying power


Fixed-rate mortgages follow the benchmark U.S. 10-year Treasury note, although they move with a bit of a lag. Investors have been piling into bonds over the past week, betting on a more dovish stance from the Federal Reserve. After the release of the central bank’s statements, bond prices jumped, pushing yields down sharply. Freddie’s weekly mortgage survey captures activity through Tuesday, so the big bond market moves of this week will likely be reflected in mortgage rates next week."


Lower Rates a Boon for Strong Summer Housing Market


We are approaching the traditional strong home buying period when families move after the school year with homes of getting kids started for school in the Fall in new homes.


Lower Mortgage Rates Mean More Home Buying Power

Jeff Masich Realtor ScottsdaleJeff Masich, REALTOR® Scottsdale Arizona overlooking Camelback Mountain says "Lower rates mean more 'Buying Power' and may mean now is the time to Buy a home"


Living in Scottsdale Arizona and the Phoenix Metro          


                         Information about Scottsdale area living and real estate 


Map of Scottsdale Arizona

Scottsdale is located in the Northeastern part of the Phoenix Metro and is more densely populated to the southern and older part of the city.


Other Scottsdale homes for Sale

Looking for something else? Here are more Scottsdale homes and/or land for sale:

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MLS Search for homes for sale in Scottsdale


Meet Jeff Masich, REALTOR® in Scottsdale 

For more Scottsdale homes or Arizona Homes and Land for sale just ask Jeff Masich, I would be most pleased to help you as your Buyer's real estate agent. 


Buy a home in Scottsdale Arizona

To learn more about Scottsdale living and to see homes for sale: Scottsdale and Homes For Sale or Arizona Homes For Sale.   


Here is a FREE MLS Search for homes for sale in Arizona. I, Jeff Masich would be pleased to help you and your family find Arizona Homes For Sale and the right home at the right price!

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Posted by

Jeffrey Masich, Associate Broker, REALTOR®, MBA, GRI, BS Accounting


Scottsdale, Arizona





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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI I think we'll see another full year of lowering rates.... get it while you can, buyers AND sellers!!!

Jun 06, 2019 03:28 AM #1
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH

Great news for those in market to buy a home!

As we move into June 2019, mortgage rates, already closer to historic lows than historic highs, have dropped again to a 16 month low! Mortgage rates nosed below 4%! Also, the Federal Reserve has been sending out hints that there will be no more interest rate hikes in 2019.

Jun 06, 2019 03:55 AM #2
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