XCSFDHG46767FHJHJF
dow2664 U.S. economy Trends and Current Mortgage Interest Rates: Job creation is getting stronger in the U.S. and this is good news for the economy. According to the recent jobs report, the U.S. economy added millions of jobs in the last year and a half and the unemployment rate is down to 8.3 percent. Existing home sales moved higher as this calendar year opened up and NAR chief economist, Lawrence Yun, recently stated that strong gains in home sale activity shows that American buyers are responding to the favorable market conditions. In addition to the favorable market conditions, interest rates remain favorably low at this current time. Potential buyers have the opportunity to review and benefit from rates that are lower than any seen in years. Current mortgage interest rates review today: Mortgage interest rates remain below the 4 percent mark on average for the standard 30 and 15 year fixed loans. Rates, along with costs, remain at relatively low levels and the improved economy in the U.S. has positioned many to take advantage of the lower rates. According to Freddie Mac, the current 30 year fixed rate mortgage is posting at 4.33 percent and the current 15 year fixed mortgage rate is posting at 5.45 percent. Average rates for home loans have dropped lower over the course of the last several years. Investors and buyers wonder if they have hit bottom. Stephen Johnson
No comments:
Post a Comment