Lowest Mortgage Rates in 3.5 Years says Freddie Mac!

Freddie Mac’s PMMS report shows the lowest mortgage rates for the 30 year fixed in over 3.5 years. This is a weekly report based on averages, so this is technically “old news” BUT I really like the direction mortgage rates are currently trending.

Mortgage rates are based on mortgage-backed securities (bonds) and change throughout the day. Of course, we hope mortgage rates continue to trend lower – there are no guarantees.

If you’ve been toying with refinancing or buying a home, I recommend that you reach out to your favorite local mortgage professional to schedule a discovery call to review your financial scenario – even if it’s months away. It’s always a good idea to learn as much as you can about what your options are – even if it’s to not take any action at this time.