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30-Year Fixed Mortgage Rates Inch Upward

No need to panic, fixed mortgage rates are still at an all-time low. But given that, this may be a good time to consider getting prequalified and starting your new home search.

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Analysts are mixed on predictions of where mortgage rates will go in the short term. In the latest Mortgage Rate Trend Survey by Bankrate.com, 60% of the analysts polled believed rates will hold steady over the next week, 20% believed averages will decrease, and another 20% believed rates will increase yet again. – Realtor.com

The bottom line is that right now is a good time to buy a new home by locking in a fixed mortgage rate.

After getting prequalified, contact me to help narrow down your home search as we pinpoint your family’s wants and needs.

 

Photo by denisp12

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