Mortgage Rates Continue to Set New Record Lows

Average rates for a 30-year fixed loan fell once again this week down to 4.58% according to Freddie Mac. This represents a new record low avearge and is an additional decrease from the previous record low set last week which was at 4.69%. This continues the good news for buyers in the market today and becomes an even more compelling reason to make a purchase. Refinancing activity hasn’t been tremendously active since many of the eligible borrowers refinanced nearly a year ago when rates were almost as low.

Stephen Woodall
REALTOR, GRI @ Long Realty Company
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.

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