Shocking Mortgage Interest Rates Drop Again to Lowest in 39 Years

Mortgage home loan interest rates dropped to lowest again yesterday and for the 12th time this year. 

• Rates on 30-year fixed mortgage has gone down by full percentage point since April this year (according to Freddie Mac). 
• 30-year fixed-rate mortgage is now at 4.19% with 0.8 of a point (0.8% of the loan amount), which is the lowest rate on record since 1971.

FED officials have been talked about more possible help for floundering U.S. economy, and they might decide to purchase Treasury securities to increase pace of economy recovery.  Increased FED demand for Treasury securities would also increase demand for investments like mortgage-backed securities, which in turn could help extend current low mortgage rates.  But that might also lead to volatile rates. 

 

NOW IS THE TIME FOR YOUR SUCCESS to get the best possible property deal during rate volatility.

Get your home loan organized.

As mortgage rates go up and down, buyers should complete their loan application package ASAP and have that ready. 

Get prepared and lock in your best mortgage interest rate now. 

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For your mortgage home loan situation in California, whether to buy or refinance, Contact Tim Sibley

Expert mortgage broker at First Capital Mortgage.   Telephone 949-718-1511.   @ Corona del Mar, California. 

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Harrison K. Long - Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - Phone: 949-854-7747  -  CA DRE 01410855 -    www.LiveAtNewportBeach.com  -  www.OCPropertyNews.com  -  www.Irvine-homevalues.com  -  www.NewportCoastLive.com   -  www.CoastLivinghomes.com  -  www.CoronaDelMarLive.com -  www.OCHomeValueGuide.com -  www.LiveAtIrvine.com  -  www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -  "Helping People, Moving Forward, Developing Relationships and Protecting Property Values" 

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