After years of holding firm at historically low levels, mortgage interest rates have started 2018 off with a bang. The 30-year fixed rate has increased 48 basis points since the start of the year, and has increased in eight consecutive weeks. What does this mean for buyers on the fence about home ownership? ACT NOW!
US Weekly average as of 01 March 2018:
30-year: 4.43% (.5 points)
15-year: 3.9% (.5 points)
5/1 ARM: 3.62% (.4 points)
Optimism from Federal Reserve Chairman Jerome Powell is sending Treasury yields higher. The economy has been surging, and, even after recent “corrections” to the major indices (DOW, S&P, and NASDAQ), the fixed rate is beginning to reflect a booming economy of record breaking stock prices and exceptionally low unemployment.
Ready to be a home owner, but not sure where to get started? Give me a call/text at 817.475.5064 or shoot an email over to firstname.lastname@example.org and I will introduce you to my trusted local lenders.
Author:Ryan Wilson Phone: 817-475-5064 Dated: March 5th 2018 Views: 408 About Ryan: Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business de...
View our latest blog posts in your RSS reader. Click here to access.
Chastin J. Miles is a full-service Real Estate agent specializing in Dallas real estate, lifestyle management, and client representation in a broad spectrum of classes including single-family residential, condos and developments, commercial real estate, and luxury leases.
Chastin J. Miles aims to bring a new light and perspective to the traditional real estate agent. He extends far beyond what a conventional agent offers. Chastin J. Miles envisions himself as both a lifestyle agent committed to informing and connecting our local communities, and as an agent offering design, marketing, and sales solutions for buyers, sellers, developers, and investors both local and internationally.