The last time to get a low-rate mortgage—again

low morgGWBy Joe Light | The Wall Street Journal

The average rate on a 30-year fixed mortgage fell to 3.59% last week, according to Freddie Mac. That’s a new low for 2016 and the lowest rate for mortgages since February last year.

Such a low rate will no doubt encourage more homeowners to refinance, giving a boon to mortgage lenders facing an uncertain housing market. But there are several reasons to doubt an upcoming refinance boomlet could turn into a full-fledged boom.

These rates are low, but they’ve been low for a while.

Continued:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories