U.S. mortgage rates fall again

U.S. mortgage Rates


The average rate of a 30-year fixed mortgage dropped to 3.48% - the lowest level since May 2013, according to Freddie Mac. A year ago, the rate was 4.08%.

The rate on the 15-year fixed mortgage also dropped to 2.78% from 2.83% last week.

"Obviously it's a good time for anyone who is the market for a home purchase or had been on the proverbial fence about refinancing, " said Mark Hamrick, senior economic analyst at Bankrate.

Some experts expect the fallout from the vote to be a boon for the U.S. real estate market as more foreign buyers seek out a safe haven to park their cash.

4 ways you will feel Brexit The drop in home loan rates can provide some breathing room for wanna-be buyers in the U.S. who have been facing rising home prices and tighter lending requirements.

Low inventory and high demand have pushed up home prices throughout the country, creating an affordability issue.

Home prices increased 5% in April from the year prior, according to the latest S&P/Case-Shiller National Home Price Index released earlier this week.

"When you are seeing this continuous 5% increase year over year in home prices without an accompanying increase in either wages or incomes, what can't go on forever does not, " Hamrick noted.



Share this article





Related Posts


Mortgage rates us
Mortgage rates us
HSBC us Mortgage Rates
HSBC us Mortgage Rates
Us mortgage loan
Us mortgage loan

Latest Posts
Best deal Mortgages
Best deal Mortgages
My article last week was the first installment…
Islamic Mortgage USA
Islamic Mortgage…
A customer showed up at little Devon…
30 Year Mortgage Rates today
30 Year Mortgage…
British polls are open today, as voters…
USA Mortgage
USA Mortgage
Laurie Gardner has worked in the real…
Shopping mortgage rates
Shopping mortgage…
Buying a home is a big purchase, but…
Search
Featured posts
  • Mortgage rates us
  • HSBC us Mortgage Rates
  • Us mortgage loan
  • 7 Year Mortgage Rates
  • 10 Mortgage Rates
  • 20 Year mortgage rates
  • Lowest fixed mortgage Rates
  • VA 30 Yr fixed mortgage Rates
  • U.S. mortgage rates
Copyright © 2019 l www.childrensflucenter.info. All rights reserved.