Mortgage rates are LOW, LOW, LOW! But how low will they go? That’s the questions. The benchmark 30-year, fixed-rate mortgage fell to 3.81 percent, down 16 basis points from a week ago, according to Bankrate’s weekly survey of large lenders.
“Mortgage rates plunged, along with bond yields, as the U.S.-China trade war escalated and fears of a global recession have increased,” says Greg McBride, CFA, Bankrate’s chief financial analyst.
So what does it mean? By looking at the US 30 YR data provided by Feddie Mac, it’s easy to see that buyers can afford “more home” in 2019 vs the tail end of 2018. If you are interested in learning more, let me know and I will connect you with one of my preferred lenders who will be happy to help.