Are Low Interest Rates Here to Stay?

    Are Low Interest Rates Here to Stay? | MyKCM

    Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

    This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

    “Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

    To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

    Are Low Interest Rates Here to Stay? | MyKCM

    Bottom Line

    If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today!

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    Alan Harling

    I relocated to Colorado from Illinois where I built a successful career in real estate representing both buyers and sellers. My success was based on building a relationship of trust and understanding with my clients, utilizing data to support actions, and implementing problem solving skills throughout the contract-to-closing process – all of which you can expect me to continue as I launch my business in Colorado. Experience as a certified Project Management Professional laid the foundation for my organization and management skills which carry over into my real estate business. Personal experience as a collegiate athlete and coach contribute to my competitive spirit. In my free time, I enjoy exploring hiking trails, spending time with my husband and three sons, and spoiling our dog Lilly.

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