February Mortgage Rates
Current mortgage rates for a 30-year fixed loan are about 3.7% and are expected to rise, moderately, sometime from mid-year to the 3rd Quarter of 2015, making this a great time to leverage other people’s money and purchase a home.
Mortgage Rates as of 2/25/15
| 30-Year Fixed | 3.692% APR |
| 15-Year Fixed | 3.090% APR |
| 30-Year FHA | 4.324% APR |
| 5/1-Year ARM | 2.849% APR |
| 30-Year Fixed Jumbo | 3.551% APR |
Source: totalmortgage.com
Check out this informative video from the Deputy Chief Economist at Freddy Mac:
In short, if you are looking to purchase a home, now is a great time. Please contact me to begin your search for the perfect property today.
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