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Affordability Soars Again
as 30 Year Rates Plunge
Back Down to 3.99%
as 30 Year Rates Plunge
Back Down to 3.99%
There is good
news for buyers and homeowners! Mortgage rates have plunged back down to 3.99%
again on a conventional 30 year fixed mortgage rate, down from almost 5% from
just over a month ago. The recent announcement by the Fed to NOT Taper their
bond purchases, has resulted in mortgage rates dropping to a new 4 month low.
So for any buyers who may have moved to the sidelines recently due to the spike
in rates, they are getting a second chance to start looking again for that
perfect home that was maybe unaffordable a month or two ago.
Kessler Real Estate Financial Services - Meet the Team
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