The Associated Press released all time record low mortgage rates last week according to Freddie Mac. Now is definitely the time to buy!
The average rate on a 30-year fixed-rate mortgage was 4.01 percent for the week ending Sept. 29. That’s the lowest rate since the mortgage
buyer started keeping records in the 1970’s.
The rate is down from 4.09 percent last week and 4.32 percent a year ago. The lowest rates were in the nation’s West region, which recorded an
average rate of 3.95 percent for the week.
Even lower was the average fixed rate on a 15-year mortgage, which was 3.28 percent. Economists say that’s the lowest rate ever for
the loan. That’s just under last week’s 3.29 percent average, but well below 3.75 percent a year ago.
If you are contemplating an investment property, you’re a first time home buyer, or an empty nester, now is the BEST time to buy a new home! You can get a quality home for a great price with an all time low interest rate. Call 281.288.3500 today to speak to an agent that can help you find a mortgage and a house!