Mortgage Rates

| Buyers | By Anslie Stokes

With volatility levels in the stock market not seen since the financial crisis of 2008, mortgage rates fell to their lowest levels in HISTORY this past week. A 30-year fixed-rate loan is now 3.29%, down from 3.45% last week, and down from 4.41% during March of 2019. A 15-year fixed-rate loan is now 2.79%, down from 2.95% last week, and down from 3.83% a year ago.

 

The decline in rates has sparked a re-financing boom, with homeowners seeking to save thousands in interest by securing lower rates. Potential home-buyers are benefiting as well; inquiries for new home loans increased significantly this week.

 

If you’re considering buying or refinancing a home then now (like RIGHT now) is a great time to do so with interest rates at an all time low. Contact us today; we can help!

 

The Stokes Group is a team of dedicated professionals who have passion for the real estate business and will advocate for our clients with the utmost honesty, integrity, and confidentiality. We believe in building solid relationships with our clients and that starts by getting to know who we are. Follow us on Facebook and Instagram.

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