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@example.com and I will introduce you to my trusted local lenders.
Author:Ryan Wilson Phone: 817-475-5064 Dated: March 5th 2018 Views: 806 About Ryan: Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business de...
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I moved my family with four children to Dallas 12 years ago from Northern California where I had grown up. With a professional background that includes business management, marketing, psychology, real estate investing, and property management, I possess a broad set of complementary skills to serve my clients.
I approach every transaction as if it were my own property on the line. My commitment to you is that I will serve as your partner in whatever real estate transaction you seek to execute (buy, sell, lease), and use my knowledge, skills, and expertise to minimize the stress to you. You will find me to be detail oriented, responsive, tenacious, and caring. I look forward to working with you!