Mortgage rates throttle higher, but relief lies ahead
So far this year, the 30-year fixed is still averaging 4.42%, down from 4.54% in 2018
Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers.
The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, mortgage guarantor Freddie Mac said Thursday. That was up six basis points during the week, and marked only the second time that the popular product has eked out a gain in 2019.
Check out the FULL STORY HERE complete with graphs. ~
Rates are still lower for longer than they have been these past 8 years than they have been historically. How many here have a parent who tells of the time in the 80’s when they had had a 19% home loan. ✋✋ Those were also an anomaly, but that was not that long ago. My first 🏠 bought in 1998, had a 8% loan ~