Arrr, matey! The treasure o' mortgage rates be sinkin' to plunderin' lows not seen in a year and more!
2024-08-10
Avast, me hearties! The gold coins be treasurin' at a rare low tide, with mortgage rates droppin’ to a scallywag’s 6.47%! Hope be afloat in the stormy seas of the U.S. housing market. Let’s hoist the sails and celebrate this fair wind! Yarrr!
Ahoy, me hearties! Lend me yer ears as I spin ye a yarn o’ the treasure known as mortgage rates, which, like a ship blown off course, be settlin’ down at the lowest point in over a year! Aye, the winds o’ fortune be favorin’ the weary souls in the U.S. housing market, liftin’ their spirits like a good rum!According to the wise folk at Freddie Mac, the average cost o’ borrowin’ for a 30-year fixed mortgage has plummeted by a quarter o' a percentage point to a jolly 6.47%. This be the first time since May o’ the year 2023 that we've seen such a fine drop, and it be the sharpest decline in about nine moons! Arrr, it be as if Poseidon himself hath decided to sprinkle a bit o’ kindness upon landlubbers seekin’ their own patch o’ land!
So, hoist the sails, me mates, and prepare fer smoother sailin’ ahead! With mortgage rates takin’ a dive, there be hope for those battered by the stormy seas o’ the housing market! Let’s raise a toast to fair winds and lower rates, fer every pirate deserves a place to call home! Yarrr!