Interest Rates Slowly Rise

Dated: 11/20/2015

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Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie MacFannie Mae, the Mortgage Bankers Associationand the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.


This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows.


Here is a chart showing the average mortgage interest rate over the last several decades.


Historic Mortgage Rates By Decade | Keeping Current Matters


Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can  still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.


If you'd like more information on rates or benefits of home ownership, we'd love to talk with you.

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Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

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