Mortgage Rates Still Near Record Lows

By
Real Estate Agent with HomeSmart Real Estate BR632450000

Mortgage rates in the US remained flat but close to record lows indicating the time to buy a home or refinance is still a wonderful opportunity.

 

The average for 30 year fixed rate loans dropped remained at 2.87% which is still near the 2.81% which was the lowest in the 50 years that these records have been tracked. See here for Phoenix Metro Arizona Home Loans

 

Mortgage Rate Trends

Freddie Mac Weekly Mortgage rate survey for weeke of  9-2-21

 

The Freddie Mac Survey 9-2-21 reported, "Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates. Heading into the fall, home purchase demand is stable, home sales remain firm and above pre-pandemic levels, and inventory of unsold homes is tight but improving modestly. These factors will allow for home price pressures to ease over the remainder of the year."

 

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,

 

Near Record Low Mortgage rates are GOOD!

Mortgage rate drop                

Mortgage Rates remain near record lows 

 

Rates aren’t expected to jump significantly 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

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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®.

Posted by

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

HomeSmart

Scottsdale, Arizona

JeffMasich@ArizonaHomesLand.com

http://ArizonaHomesLand.com

480-242-6500

 

 

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