mortgage simple definition: Mortgage Rates Down Good New for Buyers

Mortgage Rates Down Good New for Buyers

Mortgage Rates Down Good New for Buyers. Breaking News: FED CUTS INTEREST RATES

Mortgage Rates Down Good New for Buyers video duration 1 Minute(s) 20 Second(s), published by Dan Forbes on 05 06 2019 - 19:44:44.

There's good news for Home Buyers
Mortgage rates are at a 16 month low
If you're thinking about buying a home here's the kind of rates you are going to find Smarthouse Lending, LLC - What Are Today's Rates? BEST MORTGAGE RATES TODAY! LOW MORTGAGE INTEREST RATES & QUICK CLOSINGS IN 10 .

. See what is currently the best rate on a 5 Year Fixed
Take note that the Bank of Canada (BOC) will be making an interest rate announcement on July 11, 2019, 1
The Feds Rate Cut First Time Interest Rates Have Be Lowered In 10 Years * The Federal Reserve Board is expected today to lower its benchmark interest rate .

There’s good news for Home Buyers. Mortgage rates are at a 16 month low.

If you’re thinking about buying a home here’s the kind of rates you are going to find out there.

Today’s mortgage rates:
15 Year Fixed Rate at 3.0%
30 Year Fixed Rate at 3.5%
FHA 3.41%
VA 3.43%

Of course these rates are not guaranteed and rates can fluctuate on a daily basis. The point is, mortgage rates are low, low, low.

Mortgage rates are down.

Rates have been driven down which is good news for buyers. What’s the cause?

The trade war between the U.S. and China is making investors fearful. Which in turn causes them to flee to U.S. Treasuries. Which drives bond prices up and yields down. Which drives mortgage rates down!

Last year at this time we were worried that the FED was going to continue to raise rates. We expected to see home loan rates in the 5% and even 6% range. Yet, that didn’t happen.

Our strong U.S. Economy is making everyone happy and feeling good about the future. Therefore, the FED took their foot off the gas regarding rates and that’s helped homebuyers.

We continue to find ourselves in a unique real estate market where there is good news for both buyers and sellers. Buyers are enjoying low interest rates. Sellers are enjoying a lot of buyer demand which means a quick sale and top dollar pricing.

Some buyers are finding it a struggle to find an affordable home, but these low rates takes a lot of the pressure off. A small change in rates can mean a savings of hundreds of dollars in payment each month. This, in turn, can mean a savings of tens of thousands of dollars over the life of the loan.

If you are thinking about buying a home in the Austin, Texas area be sure to give me a call today. 512-516-4666