Although mortgage rates are currently at an average one-month low; that’s not effecting the price gains that current homeowners are experiencing. NAR’s (National Association of Realtors) reported, a typical homeowner in the U.S. saw their “housing wealth increased by $9,500 over the past year”. 2019 first quarter SFH (single-family home) prices increased by 3.9% to $254,800.
This still goes to show that property investments are still some of the best investments one can make (long term).
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.18% (0.00%)
• 15-year (FRM) rates at 3.91% (0.00%)
• FHA 30-year Fixed rates at 4.00% (0.00%)
• Jumbo 30-year Fixed rates at 4.10% (0.00%)
• 5/1 ARM rates at 4.08% (-0.01%)
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Clifton Park, NY