After years of holding firm at historically low levels, mortgage interest rates have started 2018 off with a bang. The 30-year fixed rate has increased 48 basis points since the start of the year, and has increased in eight consecutive weeks. What does this mean for buyers on the fence about home ownership? ACT NOW!
US Weekly average as of 01 March 2018:
30-year: 4.43% (.5 points)
15-year: 3.9% (.5 points)
5/1 ARM: 3.62% (.4 points)
Optimism from Federal Reserve Chairman Jerome Powell is sending Treasury yields higher. The economy has been surging, and, even after recent “corrections” to the major indices (DOW, S&P, and NASDAQ), the fixed rate is beginning to reflect a booming economy of record breaking stock prices and exceptionally low unemployment.
Ready to be a home owner, but not sure where to get started? Give me a call/text at 817.475.5064 or shoot an email over to firstname.lastname@example.org and I will introduce you to my trusted local lenders.
Author:Ryan Wilson Phone: 817-475-5064 Dated: March 5th 2018 Views: 416 About Ryan: Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business de...
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Selden is a native of Memphis, TN where he attended Christian Brothers High School. After high school, he moved to Denton, Texas to attend the University of North Texas. While he graduated with a degree in Hospitality and Business, his travels led him to Austin, Chicago, Bloomington, and Indiana, before settling in DFW.
Selden’s love of dealing with people drew him to real estate. He’s passionate about helping you find any type of property; an apartment lease, starter home, or luxury real estate. Selden has consistently been a recipient of real estate related accolades - Top Producing Sales Agent, Top Leasing Agent and a two-time Healy Hustle Award winner.