Are Low Interest Rates Here to Stay? - The Jim's

Financing

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”
To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

2019-04-17-Mtg Rates

Bottom Line
If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today! Call us 631-974-9153

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. James McKenna LBA, Coldwell Banker Residential Brokerage & Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. James McKenna LBA, Coldwell Banker Residential Brokerage & Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.