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Are Low Interest Rates Here To Stay?

Tuesday, April 23, 2019   /   by Carlyn Voges

Are Low Interest Rates Here To Stay?

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Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

"Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

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Bottom Line

If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today!

Keller Williams Greater Downtown Realty
The Mountain Girls
1830 Washington Street
Chattanooga, TN 37408
423-228-0229
423-664-1900
Angela Sherlin
Branch Manager
NMLS # 178862
GA# 31563
6148 Lee Highway Suite 101
Chattanooga, TN 37421
Branch NMLS# 1518270.
(423) 421-7900

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Last updated July 20, 2019 Copyright © 2019