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Interest Rate Update

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Interest rates have edged back down again, with the 30-year fixed lower at 5.65 percent and the ten year treasury edging to 4.26 percent. For those who were considering buying a new home with the rates at their recently above six-percent averages, this may be good news for them if buying soon, especially if they plan on locking in those rates.

For more recent rate information click here.

-John Mudd

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  • And all those commercials saying that the interest rates would not go back down, lol, what do they really know? Definitely a good time to refinance and go with 15 year if one is at 30 year or get a low, fixed rate for existing loan if on has an ARM.

  • Very true. When rates are low it’s also a great time to sell, because your pool of buyers has more buyers in it, and needless to say, if you’re buying with a mortgage, it’s a great time to buy if you plan on getting a loan that locks in your rates.