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Mortgage Rates at 16-Month Lows

Mortgage rates are the lowest they've been since June 2013, and we are seeing some mortgages quoted at less than 4%, according to Bankrate.

The lower rates are largely due to the info released in yesterday's Fed minutes (rates were low yesterday, too), and to make a long story short, because many investors bet that rates would be higher in 2014, but they are not.

Here's a quick chart for those that want a visual:

Property has rarely been so affordable, and It's a great time to make a move! If you or anyone you know may want to buy or sell property, please let us know!

Noah Grassi, Realtor, ABR, e-Pro, CID
Noah Grassi

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