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Mortgage Rates Hit All-Time Low At 3.23%

Mortgage Rates Hit All-Time Low at 3.23%

Time to buy! 15-year mortgages 2.77%

The pandemic-slowed economy pushed the average 30-year mortgage rate to its lowest point in at least 50 years – since Freddie Mac started tracking rates in 1971.

The size and depth of the secondary mortgage market is helping keep rates at low records, Freddie Mac says. Today’s low rates are driving higher refinance activity and a modest uptick in demand for new home purchases.

There has never been a better time in the last 50 years to buy a new home. If you are thinking about getting a new home in the Miami area, I can help you find that next home of your dreams.

Lydia Thomas
Broker
Platinum Properties of Miami & The Beaches
305-710-8584

 

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