30 Year Fixed Rate Mortgage Interest Rates Seeming Stable Around (Just Above) 4.5% |
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Despite the fact that interest rates have climbed almost three quarters of a percentage in the past year -- they are now seeming relatively stable, around 4.5%. Over the past three months we have seen interest rates mostly between 4.5% and 4.6%. These interest rates, being higher than the sub-4% rates seen last year, do not seem to be hindering buyer interest and activity -- as we have seen a record year of home sales (thus far) in 2018. If you will be buying a home soon, I would recommend talking to a lender early in the process to get a sense of your buying power and to understand your potential monthly mortgage payments. | |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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