#mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the #mortgage Bankers Association and 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.
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. http://www.simplifyingthemarket.com/en/2016/11/29/mortgage-interest-rates-just-went-up-should-i-wait-to-buy/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
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