Don’t get too comfortable with low rates

Low Rates

mortgage 2

Mortgage rates have been at historically low levels for a while now. The benchmark 30-year fixed-rate mortgage has averaged 4.01% over the past 52 weeks, according to Bankrate data.

That’s likely to change when the Federal Reserve finally decides to raise the federal funds rate, which has been near 0 for close to a decade.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.