With today’s mortgage rates, an article from the Mortgage Reports news desk is calling mortgage terms “likable and lockable”.
According to the rates forecast, rates could go higher as the Federal Reserve hosts its third schedule meeting of the year this week – though that remains to be seen.
Conventional 30-year mortgage rates are down more than 40 basis points since New Year and have dipped below their level from a year ago, in an unexpected turn, says themortgagereports.com. FHA and VA mortgage rates are also low.
Is now the time? Rates vary from bank-to-bank and by state and region - but with the average decrease in mortgage rates, according to the article, homeowners everywhere looking to refinance or purchase new homes may find themselves in a favorable position.