Just when we thought rates had bottomed out and they couldn’t quite possible go any lower; the Feds met yesterday and will buy back $600 billion on long-term treasuries. As a result, we expect mortgage rates to dip even further! Economists predict rates could even dip down as low as 3.875% very shortly, continuing to set all-time lows on 30-year mortgages. For those of you have not refinanced, we highly recommend speaking with a mortgage broker ASAP.
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