According to a market survey by Freddie Mac, mortgage rates dropped to an all-time low as of Thursday, May 28th.
“The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the last few months”, Freddie Mac reported.
Mortgage rates fell to an average 3.15% for a 30-year-fixed-rate-mortgage, compared to 3.28% at this time last week.
With interest rates at a historic low, now is a great time to speak with a real estate professional about moving forward in your buying process. Taking advantage of these record low mortgage rates today could save you a lot of money in the long run.
This is also good news for anyone considering selling, as low interest rates are drawing homebuyers back to the market.
Whether you are considering buying or selling, be sure to connect with a trusted real estate expert to help you make informed decisions.
Contact Team Aloha Tony today!