Let’s talk mortgage rates, what’s happening? Mortgage rates have fallen by over a full percentage since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market!! Hi, this is Fawn Bertram with Homes by Fawn and Hawaii Life.
According to Freddie Mac’s Primary Mortgage Market Survey, “the 30-year fixed mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.” Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers! He states,“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”
Here’s The Bottom Line
Even a small increase (or decrease) in interest rates can impact your monthly housing cost. As a potential buyer, the best thing you can do it work with a trusted advisor who can help you keep a close eye on how the market is changing.
My team is here to coach you through the process. Contact me, I would love to help in any way that I can. I’m Fawn Bertram with Homes by Fawn. Call me today, shoot me a text, or give me a call, 808-439-1077. I would love to help answer any questions you have. Stay tuned or visit my website or Youtube channel with more helpful tips on the home buying and selling process. Like, comment and share with anyone you know who may benefit from these videos. Fawn Bertram with Homes by Fawn. Make it a great home buying and selling day.