Interest Rates and Our Community Banks

Posted by John Moore on August 18, 2020 in  Home Financing
Earlier this year we sent out information related to the then current interest rate market for 30-year conventional mortgages knowing that interest rates at that time were attractive for both refinancing borrowers as well as for those folks contemplating a home purchase. Well…that information was pre-pandemic and is now ancient history. So, here is a short update on where the market is currently. Along with the current interest rate information at the bottom of this message, we want to re-emphasize how fortu... read more

30-Year Fixed Mortgage Loan Rates Hit Near 3-Year Low

Mortgage Rates in America Continue to Drop
Posted by John Moore on August 12, 2019 in  Home Financing
The average rate on the popular 30-year fixed rate mortgage loan hit 3.70% Friday August 2nd according to Mortgage News Daily. We haven’t seen rates this low since November 2016. That rate will slip even lower as a result of the escalating U.S.-China trade war as investors flock to the bond market, driving yields down. 30-year mortgage rates may dip into the mid-3’s this week.   Rates are now incredibly favorable for both refinancing existing loans and home purchases. Existing borrowers h... read more
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