Current Mortgage Rate Trends has mortgage rates improving 148bps since January 24th. This continues the recent trend for lower mortgage rates since a 5 day run of declines. This five day event may save as much as .25-.50 off the mortgage rate from previous quotes.
Right now is the best time to buy a home or refinance an existing mortgage since the fall of 2010. A 15 year loan may have the same payment as an older 30 year loan at a higher rate. We do anticipate higher rates during the year so now is the time! Contact us for a rate quote.
Our goal is to provide pertinent, up to date information so you can make intelligent decisions.