Loading, Please Wait...

Liked 2019’s Mortgage Rates 2020 Will Be Lower Interest Rate

Posted Under :  Financial < Services
Total Views :  87
  • Posted By : Maria-John
  • Posted Date : January 3, 2020
  • EmailID : semfairway@gmail.com
  • Rating :
  • Total Votes : 0

Description

The year that’s winding down will be remembered, in the real estate world, for its mortgage rates that persistently and unexpectedly declined. The average fixed rate probably will be 3.6% in 2020, which would be the lowest annual average ever recorded in Freddie Mac records. It compares with 3.9% in 2019 and 4.5% in 2018, according to Fannie Mae. The current record was set in 2016 when the annual average fell to 3.65%. Mortgage rates are set, ultimately, by bond investors who keep a steely eye on inflation as a gauge of the yields they are willing to take. Rising inflation eats into their returns and leads to higher mortgage rates. In a low-inflation environment, like today, they can still make money while taking low yields, which translates into low rates for borrowers. If you are interested in a fixed-rate mortgage, please contact to your nearest Fairway loan officer. Call us at 866-912-4800 or visit our website www.fairway-newengland.com

Location : Madison , Wisconsin , 53718



Similar Ads that may interest you

X

Is your business listed correctly on America’s largest city directory network of 1,000 portals?
Post an Ad Create an Alert
loading