Mortgage Rates at 16-Month Lows

Posted in Real Estate Market News on Oct 9, 2014

Mortgage rates are the lowest they've been since June 2013, and we are seeing some mortgages quoted at less than 4%, according to Bankrate.

The lower rates are largely due to the info released in yesterday's Fed minutes (rates were low yesterday, too), and to make a long story short, because many investors bet that rates would be higher in 2014, but they are not.

Here's a quick chart for those that want a visual:


Property has rarely been so affordable, and It's a great time to make a move! If you or anyone you know may want to buy or sell property, please let us know!

Dennis Boyle

Dennis Boyle
REALTOR

Cell
(858) 361-1121

Email

CA BRE 01095833

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