According to the NewsOK, the benchmark 30-year mortgage rate is at a new low for the year, reaching its lowest level since November 2016. That is good news for home buyers in central Oklahoma! Our economy has been improving and home inventory is stable, so these low rates mean it is a great time to pull the trigger on a home purchase.
Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate mortgages dropped to 3.86 percent last week. It was the fourth straight weekly decline. In addition, the rate on 15-year fixed rate mortgages was down to 3.16 percent.
If you have been putting of a home purchase, now is the time to make the jump before rates increase once again. And if you are looking to sell your home, it is a great time to list with these low interest rates.