Oct 02, 2012

Interest Rates ticked up from where they were last month, but the rise was not all that significant.  The 30-year fixed rate moved up about a 1/4 of a point (at the most), while 15 year rates and ARM's were less affected.

Although we saw some minor pressure on rates to rise in recent weeks, there are new signals coming from the Federal Reserve that suggest 'more easing' is to come.  Based upon that insight from the Fed, it would no surprise if mortgage interest rates eased again by around mid-september.  Stay tuned.  (posted August 31, 2012)

 Interest Rate Advice

Although there's a lot of reasons for interest rates to remain stable throughout this calendar year, the long term expectation is for interest rates to rise. Don't take these low rates for granted. If you're financing a home right now, my best advice is to "lock-in" these low rates, rather than gamble that they'll be lower as you get closer to your closing date. Better be safe, than sorry!

If you're in the market for a home this year, allow us to help you find the right lender and loan program, and help you take advantage of these great low interest rates. Today’s interest rates are quite a bargain!

View 'Market Trends Report'

Previously Posted At: Today's Interest Rates And Trends 
Image Attributions: percent sign - sxc.hu

 

(303) 514-4000
What Our Clients Say