30-yr Fixed Rate is at 3.750%* this week.
With the weakness of the European economy, investors are flocking to the certainty of US Treasury bonds, helping to drive down mortgage rates.
With the Fed signaling that they WILL increase rates later this year, this is the time to refinance or purchase, if you can!
*This is closest “par” rate for a conventional 30-yr mortgage. It assumes very good credit, sufficient equity, and the absence of other negative risk factors (e.g. property use, cash-out or not, loan amount, etc.). Different mortgage types (such as FHA and VA) and specific risk factors will affect interest rates.
