Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow
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Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow May 21, 2019 RSS FEED No comments Mortgage rates moved microscopically higher today, depending on the lender.
Michael is right with mortgage rates as low as they are your much better off paying the current rate on a 30 year mortgage on a 70% LTV on your house and invest the loan proceeds on rental properties that you could be making 8-10% return or greater.
Mortgage rates near all-time lows (again) One year ago, the 15-year FRM averaged 3.30 percent. 5-year Treasury-indexed hybrid adjustable-rate mortgage (arm) averaged 2.72 percent this week, down from last week when it averaged 2.75 percent. A year ago at this time, the 5-year arm averaged 2.99 percent.
If rates fall as many expect, you’ll potentially renew even lower in eight or nine months (I say eight or nine months because most lenders let you hold a new rate for 90-120 days); 3.
· Low mortgage interest rate, no PMI, fixed rate mortgage, more than 20% equity with stable home prices in your area. You enjoy investing and do so for the long haul. You are pretty sure you can “beat” your interest rate and won’t panic if you don’t during a bad year.
Refinancing your mortgage is a great idea if you can save money each month and if you can lock in these rates, which are currently near historic lows. This article shows you how your credit score plays an important role in refinancing your mortgage.
Fixed mortgage rates hold steady, Remain Near Year’s Lows By Rachel Stults | Jul 24, 2014 Mortgage rates for the most popular U.S. home loans held steady this week to remain near their lows for 2014.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow Much of the credit for the recent drop in rates goes to the well-publicized trade tensions between the US and China.
Mortgage rates today may change by tomorrow or even within a few hours, based on market conditions. The lowest mortgage rates you can get today may be higher or lower than the rate you would get a week or a month from now – sometimes considerably so.