After years of holding firm at historically low levels, mortgage interest rates have started 2018 off with a bang. The 30-year fixed rate has increased 48 basis points since the start of the year, and has increased in eight consecutive weeks. What does this mean for buyers on the fence about home ownership? ACT NOW!
US Weekly average as of 01 March 2018:
30-year: 4.43% (.5 points)
15-year: 3.9% (.5 points)
5/1 ARM: 3.62% (.4 points)
Optimism from Federal Reserve Chairman Jerome Powell is sending Treasury yields higher. The economy has been surging, and, even after recent “corrections” to the major indices (DOW, S&P, and NASDAQ), the fixed rate is beginning to reflect a booming economy of record breaking stock prices and exceptionally low unemployment.
Ready to be a home owner, but not sure where to get started? Give me a call/text at 817.475.5064 or shoot an email over to [email protected] and I will introduce you to my trusted local lenders.
Author:Ryan Wilson Phone: 817-475-5064 Dated: March 5th 2018 Views: 934 About Ryan: Ryan was born and raised in Fort Worth, and, after short stint in West Texas obtaining a business de...
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Growing up in Tarrant County and later moving to Dallas County, Heath is well versed in the Dallas-Fort Worth Metroplex. After graduating from Southwest Texas State University, and then receiving his MBA, he wasn’t fulling his passion of remodeling houses and finding the next person to call it home. After remodeling a few house on his own, he decided to take it to the next level and help others find their dream homes to accomplish their goal of calling it home.
“I really want to be the Real Estate Professional that remembers the agony of waiting to hear back from buyers or sellers on a sale and ensure communication is fulfilled along the way, the waiting can be torture when you are excited for your next buy or sell”.
Dedication, professionalism and the “can do attitude” are all the traits you will find in Heath.