Mortgage Rates Fall Again- 4.32%!

It seems implausible -- even impossible -- yet here we are again. For the 10th time in the last 11 weeks, conventional mortgage interest rates dropped to a new historic low. The average 30-year fixed rate hit 4.32 percent for the week finishing Sept. 2, a drop from the previous week's 4.36 percent, according to Freddie Mac. Rates on 15-year fixed-rate mortgages dropped to an average of 3.83 percent, down from last week's 3.86 percent. Unbeatable rates should encourage buyers that are sitting on the fence to take a shot at homeownership. Remember, values have held steady in Houston, throughout most of this mess. In fact, many areas have seen increases and robust sales. It takes a knowledgeable and experienced realtor to guide you. Contact me for all your real estate needs. Erika@McCannProperties.com or direct 832-244-0029

Leave a Comment