Is the era of 30 year home mortgage rates really over?
In really less than 30 days the financing for new home purchases have surged by more than a full percentage point! Many lenders are quoting rates for 30 year mortgages as high as 4.87% just last Friday vs the mere 3.65% the first of June. Many experts are saying they would be surprised if the 30-year, fixed rate mortgages dip below 4 percent again this year. We all hope interest rates remain low…however, don’t wait to purchase and miss out on this great opportunity to buy a home for under 5 percent financing!!
Read the Original Article Here: So Long To Mortgage Rates In The 3’s For Now!