Rate Update

Dated: 03/05/2018

Views: 935

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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 [email protected] and I will introduce you to my trusted local lenders.

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Ryan Wilson

Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business degree from Texas Tech University, started his real estate career in Dallas. Following college he got ....

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