The dog days of summer are nearing their end, and the nation’s average mortgage rates have remained notably flat for the duration of the year’s hottest months. Ever since the early spring months, borrowers could expect to secure interest rates in the historically low range between 4.4% and 4.6%. Rates have remained relatively unchanged despite high core inflation rates and global economic turbulence.
According to Bankrate.com, the average 30-year fixed rate home loan will cost buyers 4.40%, which is a slight decrease since this time last month. Homebuyers or refinancers looking to secure a 15-year fixed rate mortgage can expect to lock in around 3.80%.
If you’re in the market to purchase a home, we would love to introduce you to a local, knowledgeable, and friendly loan officer. Just give us a call at (215) 699-5555 or email email@example.com!