Mortgage Rates Make For Perfect Spring Buying Season
Spring/Summer 2018 prove a “hot” time to buy with mortgage rates remaining level at 4.55%, continuing a three-week trend.
“The minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth, and restrained inflation,” Freddie Mac Chief Economist Sam Khater explains.
Mortgage interest rates are unlikely to move higher from current levels this spring, inspiring many to enter the market. “The economy and by extension mortgage interest rates are temporarily basking in a ‘sweet spot’,” as described by Larry Baer of Market Alert.
If you were thinking of buying a home – now may be the perfect time.
GMFS Mortgage can help make your dream of homeownership a reality. Request a free consultation today with a loan officer near you!