For the past seven years, interest rates have been below 5% on 30 year fixed mortgages. As the real estate climate changes, rising interest rates loom large for the home buyer. However, according to data Freddiemac.com the 30 year average is 5.67% which is still historically low.
If you are considering purchasing a home, or refinancing your existing home, now may be the time to act. Mortgage Rates fluctuate on a day-to-day basis. If you want to find out where rates are today, talk to your mortgage professional.
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