What's the Latest on Interest Rates?

Dated: August 27 2019

Views: 319

What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates? | MyKCM

Mortgage rates have fallen by over a full percentage point 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.What’s the Latest on Interest Rates? | MyKCMAccording to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate 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.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

Blog author image

Eric S. Stegall

Thank you for stopping by my site. I'm happy to help with your discovery of the Seneca/Lake Keowee area of South Carolina. I grew up in Seneca, graduating from Seneca High School in 1988. I moved back....

Latest Blog Posts

Lake Keowee Real Estate Market Update - July 2022

This report includes single family homes that are waterfront and off water homes  around Lake Keowee. The Median Price of a home is up 5.9% at $659,000.The number of homes for sale sits at

Read More

Lake Keowee Real Estate Market Update - June 2022

This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.

Read More

Real Estate Agents: Are you generating your own leads?

eXp Realty has over 80 hours of training each week and provides the agent the tools needed to generate their own leads. In the example below the agent is actually not on a 70/30 split but

Read More

Lake Keowee Real Estate Market Update - May 2022

This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.

Read More