April Mortgage Rates

Mortgage rates remained the same again, for the third month in a row. That’s a good thing as these rates are incredibly good, and, as mentioned in the video below, we are heading into the busiest part of the home buying season.  Freddie Mac predicts this to be the best year in homes sales and new home construction since 2007!

Mortgage Rates as of 4/28/15

Mortgage Type April 2015
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:

 

Although the first quarter did not live up to expectations, we are not too far off of the best housing market since 2007. Mortgage rates are predicted to rise slightly over the next 6 months, most likely towards the end of the year.

This is still a great time to sell your home. Please contact me to begin your search for the perfect property today.

 

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