I’ve been telling you about low mortgage interest rates for a while, and you’ve probably even heard me say “historically low rates” before.
Now, a weekly industry survey by Freddie Mac, the government-sponsored mortgage enterprise, is reporting an average 2.98% on a 30-year fixed-rate mortgage. That’s the lowest average rate in the 49-year history of their data collection and the first time their reported average rate has dropped below 3.00%. Of course, actual rates depend on many factors, from credit and income to property type and occupancy.
If you want to learn more about the rate that may be available to you for a purchase or refinance, please reach out to me. I’ll be glad to help you take advantage of the rates of a lifetime!
Now The Market Report . . .
“If the plan doesn’t work, change the plan but never the goal.”
This week’s potential market moving reports are:
Monday, July 20th: None Scheduled
Tuesday, July 21st: None Scheduled
Wednesday, July 22nd: MBA Mortgage Applications, Existing Home Sales
Thursday, July 23rd: First Time Jobless Claims, Continuing Jobless Claims
Friday, July 24th: New Home Sales
Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.