Don’t wait too long! You can still be in your new home for Christmas.
brought to by Kathleen Kramer- JMJ Financial
Mortgage interest rates have fallen to 16 month lows—with 30-year fixed hovering around 4.07%. Several factors have kept rates in a narrow range…nearly a year after they were predicted to continue rising:
Uneventful jobless claims reports did little to show drastic economic improvement
Wall Street has remained uneasy over Europe’s slow-moving, sluggish economy
International investors have been on a bond buying spree which has helped to make up for the Federal Reserve’s stimulus tapering
These three factors have held rates within one-tenth of a percent since mid-May. As long as we don’t experience anything too extreme in regards to unemployment data, the global economy, or our bond market, rates should continue to hover near the low fours.