Rates are rising, better to buy sooner than later.

March 5, 2018

Freddie Mac released its survey results showing the 30-year fixed rate mortgage (FRM) averaged 4.43 percent for the week ending March 1.  That is up 3 basis points from last that averaged 4.40 percent.   This time one year ago there was an average 30-year FRM of 4.10 percent.


Typically in the past, when mortgage rate rise, there is a dip in the housing market.  This year with the surging economy and restrained housing market demand, there is still moderate growth expected for this year.

 

With that being said, we are anticipating to see interest rates and housing prices to continue to rise through this year.  If you are on the fence to buying, the sooner you get off the fence the better.  Let us help you with a free Cost-to-Wait Analysis consultation to help you off the fence.

 

Take a look at this article for more information: http://freddiemac.mwnewsroom.com/press-releases/fixed-rate-mortgage-rates-rise-for-eighth-consecut-otcqb-fmcc-1328514?utm_medium=Email&utm_source=ExactTarget&utm_campaign=%20mnw_nr

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags

I'm busy working on my blog posts. Watch this space!

Please reload

TWO MORTGAGE GUYS

Golden Empire Mortgage dba Two Mortgage Guys
26413 Jefferson Ave, Unit E
Murrieta, CA 92562
USA

951-473-4733

951-677-0600

GOLDEN EMPIRE MORTGAGE, INC. ("GEM") [NMLS ID NO. 2427] IS A CALIFORNIA CORPORATION WHOSE PRINCIPAL BUSINESS OFFICE IS LOCATED AT 1200 DISCOVERY DRIVE, STE. 300, BAKERSFIELD, CALIFORNIA 93309. GEM IS A RESIDENTIAL MORTGAGE LENDER AND SERVICER LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT PURSUANT TO THE CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT UNDER LICENSE NO. 413-0360. GEM CONDUCTS RESIDENTIAL MORTGAGE LENDING ACTIVITIES IN THE FOLLOWING ADDITIONAL STATES AS FOLLOWS:

ARIZONA: GEM CONDUCTS BUSINESS IN THE STATE OF ARIZONA AS GOLDEN EMPIRE MORTGAGE, INC. UNDER MORTGAGE BANKERS LICENSE NO. 0906440 ISSUED BY THE ARIZONA DEPARTMENT OF FINANCIAL INSTITUTIONS.

COLORADO: GEM CONDUCTS BUSINESS IN THE STATE OF COLORADO PURSUANT TO A MORTGAGE COMPANY REGISTRATION ISSUED BY THE COLORADO DIVISION OF REAL ESTATE.

OREGON: GEM CONDUCTS BUSINESS IN THE STATE OF OREGON UNDER MORTGAGE LENDING LICENSE NO. ML-2891 ISSUED BY THE DIVISION OF FINANCE AND CORPORATE SECURITIES, DEPARTMENT OF CONSUMER AND BUSINESS SERVICES.

TEXAS: GEM CONDUCTS BUSINESS IN THE STATE OF TEXAS AS GEM MORTGAGE, INC. PURSUANT TO A MORTGAGE BANKERS REGISTRATION ISSUED BY THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. NOTICE TO TEXAS LOAN APPLICANTS

WASHINGTON: GEM CONDUCTS BUSINESS IN THE STATE OF WASHINGTON UNDER CONSUMER LOAN COMPANY LICENSE NO. CL-2427 ISSUED BY THE WASHINGTON DIVISION OF CONSUMER SERVICES, DEPARTMENT OF FINANCIAL INSTITUTIONS.