Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

September 11th, 2013

Freddie Mac reported Thursday that the average rate for 30-year fixed loans remained steady for the second straight week, at 4.4 percent. 15-year fixed rates average 3.44 percent.

Low mortgage rates continue to contribute to the increase of home sales and consumer confidence, and help drive economic growth across the country. They also lead to more new home contruction, which results in more jobs.

Although they are a full point higher than the record lows of May, mortgage rates are still historically low and it remains a great time to invest in real estate. Please let us know if anyone you know is interested in buying or selling property!

David L. Benavides, Broker / Owner

If you, or someone you know is interested in buying or selling property, please call right away!