I’m asked all the time about mortgage interest rates and what the future holds. I’m not a prognosticator, but I can link to a few.
Mortgage rates increased for the 6th week in a row, reaching their highest point since December of 2000.
The average 30-year fixed rate mortgage moved from 7.57% on Oct. 12 to 7.63% on Oct. 19, per Freddie Mac.
Mortgage rates have fluctuated significantly this year and have consistently moved upward in the second half of 2023. The average 30-year fixed rate was as low as 6.1% on February 2nd and climbed up to 7.63% on October 19th, according to Freddie Mac.
Here’s what some of the experts are saying…
For the full story from The Mortgage Reports, click here…
Please do contact me for more, as it would be my pleasure to discuss what’s happening in the marketplace and strategies for purchasing today!
