Happy Valentine's Day! Candy, flowers, romance and mortgage rates? It's Valentine's Day, so how are mortgage rates doing as we move towards Spring? According to Freddie Mac's Weekly Primary Mortgage Market Survey, rates are as follows:
30-yr Fixed Rate Mortgage: 5.72% with fees & points averaging at 0.4
15-yr Fixed Rate Mortgage 5.25% with fees & points averaging at 0.4
5/1-yr Adjustable Rate Mortgage 5.19% with fees & points averaging at 0.4
1-yr Adjustable Rate Mortgage 5.00% with fees & points averaging at 0.4
Fixed Mortgage rates increased slightly over the past week, while the ARM's lowered slightly. Still, rates are lower than last year at this time. This combined with a Buyer's market make for a great time to buy your next home, secondary home, or investment property.
Contact Mike & Melody Vanderhoff with
Vanderhoff Real Estate today. We can assist you with your real estate questions and set you up with a custom property search to help you find the home that fits your needs. Rates are low, and the market has a high inventory of homes available. It's a great time to buy your next home! Contact us today at 770-888-9269 or info@VanderhoffRealEstate.com to get started.