Are Low Interest Rates Here to Stay?

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.

Christie CannonThe Christie Cannon Team469-951-9588Keller Williams Frisco4783 Preston Rd #300 Frisco TX 75034469-951-9588The Christie Cannon Team of Keller Williams Frisco TX. Christie Cannon and her award-winning real estate team serve the Collin, Denton, & North Dallas counties.

We look forward to the opportunity to assist you with your real estate dreams.
www.cannonteamhomes.com/