Mortgage rates will likely remain low, but who knows where they’ll go?

mortgage_ratesBy Jonathan Smoke | realtor.com

It’s here! Forgive our excitement, but we’re finally entering the thrilling, peak months of the home-buying season, which is probably our favorite time of the year. But there’s something a bit different this time around. Oddly enough, while prices continue their steady march upward, many home buyers are getting an unexpected bonus: Mortgage rates are lingering at their lowest level in three years.

As of Tuesday, the average rate for a 30-year conforming mortgage nationally was 3.6%, giving consumers almost 6% more buying power than they had at the end of 2015.

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