Experts are saying that thanks to the President’s trade war with China, interest rates continue to fall, having a positive effect on the housing market.
According to Freddie Mac’s Primary Mortgage Market Survey, home-loan interest rates continued to plummet in late June to the lowest level since November 2016. On June 27, benchmark 30-year fixed mortgages averaged 3.73 percent nationwide, down from 3.84 percent a week earlier.
This was the seventh time in the last nine weeks that rates moved lower. Freddie Mac reported interest charges hit the lowest level since November 2016 when 30-year fixed mortgage rates averaged 3.54 percent. Last year at this time, the 30-year fixed loans averaged 4.55 percent.
Buyers – if you are looking to buy, don’t wait, you can get more dream home for your money with these low interest rates.
Sellers – we all know it’s a great time to sell and if you need to purchase a new home now’s the time to get your house on the market!