Good news for home buyers out there. Mortgage rates this week are at their lowest point since early July according to mortgage giant Freddie Mac. 30 year, fixed-rate mortgages fell to an average of 6.68% this week. This is the lowest they have been since an average of 6.63% in early July.
What's ahead for rates? Will they go up or down??
Nobody really knows for sure. Some analysts are saying up and some are saying they will go down. All we know is this recent drop is presenting a great opportunity for buyers and they should take advantage of it by locking in their rates today. Couple current interest rates with the large selection of homes on the market, and buyers have one of the greatest opportunities in recent history to purchase a home.