"Arrr, matey! The treasure of low mortgage rates be found, plunderin’ the highest waves for over a year!"
2024-08-10
Avast, mateys! This week, the treasure of low mortgage rates be shining bright, droppin' to a hearty 6.47%! Aye, after last year’s stormy seas of high interest, homebuyers can now breathe easy. So hoist the sails and grab yer gold, for smooth sailin’ be ahead!
Ahoy, me hearty landlubbers! Gather 'round as I spin ye a yarn 'bout the treasure of homebuyin' that be hittin' the shores this week! The winds of fortune be blowin' favorably, fer mortgage rates have plummeted to the lowest depths in more than a year, givin' weary seafarers of the real estate seas some sweet relief.According to the fine folks at Freddie Mac, the average interest rate fer a 30-year fixed mortgage now sails at a mere 6.47%! Aye, that be a drop of over a percentage point from the stormy seas we navigated last year, when the Federal Reserve was raisin’ interest rates like a kraken on a rampage, tryin’ to battle the beast known as inflation!