Mortgage interest rates, as reported by Freddie Mac, have increased over thelast several weeks.Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades.
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.
The KC Metro Team gives Kansas City area home buyers and sellers the highest quality services. As buyers agents we specialize in first time home buyers, active duty and veterans looking to use their VA home loan benefits and people looking for a good deal on foreclosures.
Our listing services set us apart from the competition by using professional photography for every house we list and both traditional and aggressive online marketing techniques.
The KC Metro Team's goal is to provide great service and become the real estate professionals you would recommend to your friends and family. Our excellent customer service team looks forward to serving you.